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Press Release

Thomas Nadeau joins Metro Credit Union

Appointed as Senior Vice President of Lending


Chelsea, MA – March 11, 2010 – Metro Credit Union announced the appointment of Thomas W. Nadeau as Senior Vice President of Lending. Nadeau will report to Robert M. Cashman, President and Chief Executive Officer, and will oversee all real estate, small business, and consumer lending functions as well as the collections and recovery departments.

Prior to joining Metro, Nadeau was President and CEO of the Consumer Lending and Mortgage Banking Divisions of Sovereign Bank. Nadeau's areas of responsibility included oversight of the home equity, mortgage lending, and credit card portfolio, as well as automotive finance and aviation. During his tenure at Sovereign, Nadeau held the positions of Executive Vice President and Managing Director of Automotive, Aviation and Structured Real Estate Lending, and Regional Manager of Automotive Lending.

Prior to joining Sovereign Bank, Nadeau was Senior Vice President of the Automotive Finance Group at Fleet Bank and BayBank. His experience at BayBank included positions as Senior Vice President and Group Manager of the Commercial Real Estate Workout Group and Lending Group. Nadeau started his banking career at Plymouth Home National Bank.

Nadeau holds a Master's degree in Business Administration from Babson College and a Bachelor's degree in Financial Management from Stonehill College.


About Metro Credit Union

Metro Credit Union is one of the largest credit unions in Massachusetts with over $780 million in assets, and serves over 120,000 members.  Established in 1926 and based in Chelsea, Metro offers superior service and a full range of financial products, including investment and insurance offerings, for consumers and businesses in eastern Massachusetts.  Metro has nine branch offices conveniently located in Burlington, Chelsea, Framingham, Lawrence, Lynn, Peabody, Swampscott, Tewksbury, and a tenth branch soon to open in Boston.  Metro is also a leader in workplace banking, serving over 1,800 companies throughout the state.