Leominster Credit Union has named Barbara Mahoney as its next president and CEO, replacing John O’Brien, who will retire on Nov. 30.
“I have enjoyed my 13 years at Leominster Credit Union as well as my 41 years in the banking industry,” O’Brien said in a statement. “The last 7½ years as the CEO of LCU has been a very rewarding experience. I believe the credit union is in an excellent position, with a strong management team in place, solid results, excellent employee morale and a strong vision.”
O’Brien added that he felt fortunate to be able to retire at a time that worked well for him and the credit union.
“John is well respected throughout the credit union community and has been dedicated to giving back to non-profit organizations in the communities in which we live and work,” Giulio Greco, chairman of the board, said in the statement. “He has been a strong asset to Leominster Credit Union, and we will miss his leadership.”
Mahoney is currently LCU’s chief operating officer. She joined LCU in 2003 as vice president of human resources and became senior vice president of human resources in 2010, overseeing human resources, training and facilities. She was promoted to senior vice president and COO in January 2019, leading the operations, information technology/risk, human resources and facilities functions.
Before joining LCU, Mahoney worked for 13 years at Allmerica Financial as director of human resources. She also previously worked for Bank of Boston.
“I am honored and humbled by the board’s decision and very excited to take on the CEO role, representing and leading Leominster Credit Union,” Mahoney said. “We have an exceptional team, and I know through their passion and commitment we will continue to move LCU forward. John established an excellent foundation and I am confident we are positioned well, for continued success.”
Mahoney is on the foundation board for St. Bernard’s High School and is affiliated with several organizations, including the North Central Massachusetts Chamber of Commerce, Economic Development Strategy Committee, Masshire North Central Workforce Board as the executive committee chair, Employers Association of the Northeast past executive committee chair, and the Cooperative Credit Union Association’s HR Network.
“Barbara brings experience, leadership, strategic vision and a passionate community connection that we feel are critical attributes that will help Leominster Credit Union to continue moving forward over the next several years,” Greco said.
LCU has about $750 million in assets and branches in in Leominster, Clinton, Holden, North Leominster, Sterling and Worcester.
