Metro Credit Union Hosts 2022 Annual Meeting
April 28, 2022
CHELSEA, MA, April 28, 2022 – Metro Credit Union, Massachusetts’ largest state-chartered credit union, recently held its Annual Meeting of members. The virtual session took place on Wednesday, April 27, 2022, under the leadership of Robert Cashman, President and Chief Executive Officer.
As a benefit of membership at Metro, all members are invited to attend and participate in the annual meeting, as all members are owners of the credit union. The meetings are an opportunity for members to elect directors, vote on key issues, and hear about plans for the upcoming year. Members have opportunities to ask questions, voice opinions, and interact with leadership.
The annual meeting covered a variety of topics, including Metro’s growth in staffing and branch expansion, coronavirus updates, new technological products and automations, merger announcements, and community involvement. CEO Robert Cashman reported that 2021 was a successful year with significant growth in Metro’s lending portfolio, including the launch of a very successful auto leasing program. In 2021, Metro’s total assets reached the $2.5 billion milestone and recorded another year with net income in excess of $15 million.
Additionally, as part of Metro’s ongoing commitment to the communities they serve, Metro invested over $177,545 in local organizations that support low- and moderate-income families. Organizations included Second Chance Cars, Inversant, The Neighborhood Developers, Lazarus House, and The Salvation Army.
Metro’s Board of Directors is a volunteer-based group of democratically elected individuals. The following individuals were elected to the board at the Annual Meeting:
- Adam Frank, Vice President of Originations, GreenLake Asset Management (1-Year Term)
- Paul Gulko, Retired President and Chief Executive Officer, Guaranty Fund Management Services (3-Year Term)
- David Holzman, Chief Financial Officer and Chief Operations Officer, Winbrook Communications Services Inc. (3-Year Term)
- Donna Lee, Manager for Payroll Trial Court, Commonwealth of Massachusetts (3-Year Term)
- Joseph Zang, Owner and President, KDZ Gourmet (3-Year Term)
“Providing the best possible service to our members is what keeps our credit union motivated each day,” said Robert Cashman, President and Chief Executive Officer. “Our Annual Meeting allows our Board of Directors and executive leadership team to connect with our members on a more personal level, where they feel valued and heard. Metro members can interact with us daily through a variety of channels, but the Annual Meeting provides another outlet for them to share their thoughts and opinions about their member experience.”
About Metro Credit Union
Metro Credit Union is the largest state-chartered credit union in Massachusetts, with $2.6 billion in assets. Metro provides a full range of financial products to close to 200,000 members in Barnstable, Bristol, Essex, Franklin, Hampden, Hampshire, Middlesex, Norfolk, Plymouth, Suffolk, and Worcester counties in Massachusetts, and Cheshire, Hillsborough, and Rockingham counties in New Hampshire. Metro is the credit union of choice for employees at over 1,200 companies through its Metro@work program.
Founded in 1926, Metro currently operates 19 branch offices in Boston, Burlington, Chelsea, Dorchester, Framingham, Lawrence, Lynn, Medford, Melrose, Newton, Peabody, Reading, Salem, Tewksbury, and West Roxbury. Metro is also a Juntos Avanzamos (“Together We Advance”) designated credit union, an honor given to financial institutions for their commitment to serving and empowering Hispanic and immigrant consumers. Metro was recently named among the most charitable companies in Massachusetts by the Boston Business Journal. Learn more at MetroCU.org and connect with us on LinkedIn.