June 8, 2012 | last updated June 8, 2012 10:52 am

St. Mary's Credit Union CEO Resigns

After five years as president and CEO of Marlborough-based St. Mary's Credit Union, John R. Caulfield is stepping down from his position, effective June 22.

The credit union, which has five branches in Marlborough, Northborough and Hudson, said that during Caulfield's tenure, it achieved significant deposit and loan growth, improved profitability, and introduced commercial lending and other services. The credit union also recently announced plans to open a branch in Westborough.

Former CEO and current director Thomas M. Wellen will serve as interim CEO until the board completes a search for a new leader.

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