Metro Credit Union Hosts Annual Meeting
June 10, 2019
The Annual Meeting of Metro Credit Union members was held on April 30, 2019, under the leadership of President and Chief Executive Officer Robert M. Cashman.
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. These 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 the Treasurer’s Report, Audit Committee Report, Credit Committee Report, Investment Committee Report, New Business, and the annual Election of Directors. Reports for 2018 showed a successful year and significant growth in Metro’s lending portfolio, driven by the vision to provide unsurpassed service to members while continuing to offer the highest quality products. In 2018, Metro’s total assets increased $195.1 million, or 11.6%, ending the year at $1.878 billion.
In 2018, Metro announced several major accomplishments and advancements. The credit union expanded its field of membership to include the New Hampshire counties of Rockingham and Hillsborough. Metro also became the first credit union in Massachusetts to receive the Juntos Avanzamos (Together We Advance) designation by the National Federation of Community Development Credit Unions. Originated in 2005, Juntos Avanzamos recognizes commitments from credit unions seeking to empower the Hispanic consumer and serve the Hispanic market more effectively.
Additionally, as part of Metro’s ongoing commitment to the communities they serve, Metro invested over $115,000 in local organizations that support low and moderate income families. Organizations included The Neighborhood Developers, ICIC, the Immigrant Learning Center, and the Chelsea Collaborative.
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:
- Bion Foster of Melrose has been elected for a one-year term. Foster brings to the Board more than 44 years of experience in financial services. He served as Vice President of Collections and Recovery at Metro for eight years, and was the President and CEO of NE Teamsters Federal Credit Union from 1995 to 2006.
- David Holzman of Andover has been elected for a three-year term. Holzman has been on the Board since 2002 and serves as the Chairman of the Audit Committee. He has served as CFO and COO of Winbrook Communications since 2001.
- Donna Lee of Medford has been elected for a three-year term. Lee was initially elected to the Board in 2012, and serves on the Credit Committee and Investment Committee. She has held the position of Manager of Operations and Training at Commonwealth of Massachusetts, Court of Management since 1994.
- Joseph B. Zang of Marblehead has been elected for a three-year term. Zang has been on Metro’s Board since 2009, holding the position of CRA Chairman as well as serving on the Credit Committee, Investment Committee, and Personnel and Compensation Committee. Zang is the owner of KDZ Gourmet.
“We are continuously seeking opportunities to provide the best in service to our members,” says Cashman, President and CEO. “The Annual Meeting allows for our Board of Directors and executive leadership team to connect with our membership face-to-face. While we engage with our members every day through a variety of channels, we look forward to hearing from them directly at the Annual Meeting.”- - - - -About Metro Credit Union
Metro Credit Union is the largest state-chartered credit union in Massachusetts, approaching $2.0 billion in assets. Metro provides a full range of financial products to more than 213,000 members in Essex, Middlesex, Suffolk, Norfolk, Plymouth, Barnstable, Bristol and Worcester counties in Massachusetts, and Rockingham and Hillsborough counties in New Hampshire, as well as to employees of over 1,200 companies through its Metro@work program.
Founded in 1926, Metro currently operates 15 branch offices in Boston, Burlington, Chelsea, Framingham, Lawrence, Lynn, Melrose, Newton, Peabody, Salem, and Tewksbury. 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.
Learn more at MetroCU.org.