After eight years as CEO/president, Ed Lopes is resigning fromthe $127 million, 10,848-member Grafton Suburban Credit Union inNorth Grafton, Mass., to take over as CEO/president of thefinancially struggling $623 million, 24,226-member Liberty BayCredit Union in Braintree, Mass.
|“The credit union made a lot of progress during Ed's eight yearsat the helm,” said Andrew S. Nelson, chair of Grafton Suburban CU.“We wish him the best with his future endeavors.”
|Lopes helped Grafton Suburban CU become more progressive throughtechnology, community integration and member services, his formeremployer said. In announcing his resignation, the credit union saidLopes was taking the CEO position at Liberty Bay CU.
|Liberty Bay has lost more than $8.5 million since 2009,according to its financial performance reports filed with NCUA.
|“It has been a pleasure serving as CEO for Grafton Suburban fornearly a decade, and without a doubt, the outstanding feature of myGrafton experience has been the teamwork,” Lopes said in a preparedstatement.
|Until a new CEO/president is appointed at Grafton Suburban, CEOresponsibilities will be shared by Chief Financial Officer TerryDorilas and Chief Operating Officer Martha Dean, said Nelson.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
