July 14, 2017

LCU assets reached $643M in 2016

Courtesy/Leominster Credit Union
The board officers of Leominster Credit Union. Front row (left to right): Richard A. Sheppard, Michael J. Sauvageau. Back row (left to right): Giulio G. Greco, Andrew D. Cousins, and Nancy L. Graves.

Assets increased by almost 3 percent in 2016 at Leominster Credit Union, which is currently ranked as the 13th largest nonprofit financial institution in Massachusetts.

Assets grew from $627 million in 2015 to $643 million last year, the credit union announced Thursday. Loans increased from $419 million to $440 million and deposits grew from $436 million to $454 million.

he company announced Michael J. Sauvageau was re-elected as its board chair. Sauvageau is a Leominster resident who has been on the board since 2007.

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