Worcester Business Journal

wbjournal.com | Book of Lists 2019 | Worcester Business Journal 21 Our team of seasoned industry experts deliver prompt, local decision-making to help you grow your business and increase profitability. With a full suite of commercial banking products and services, we can be your cornerstone for success. Contact Cornerstone Bank today and see how we can be your trusted business partner! cornerstonebank.com 800-939-9103 Charlton • Holden • Leicester • Rutland • Southbridge • Spencer Sturbridge • Warren • Webster • Worcester Cornerstone Bank's Commercial Team, seated (l to r): AVP/Cash Management Bob Mangan; EVP/Chief Operating Officer Randy Webber (NMLS ID 463071); SVP/Senior Commercial Officer Mike Quink (NMLS ID 463056); and AVP/Commercial Lender Heather Dumais (NMLS ID 786158). Standing (l to r): VP/Commercial Lender Dave Sabourin; VP/Commercial Team Leader Jim Sandagato (NMLS ID 1626457); VP/Commercial Lender Steve Quink (NMLS ID 648827); AVP/Commercial Lender Tim Gardell (NMLS ID 1159099); VP/Commercial Lender Tom Moschos (NMLS ID 1440500); and SVP/Commercial Team Leader Kyle Bourque (NMLS ID 463052). Our Business is Building Yours. B A N K I N G & F I N A N C E F O C U S 16 520 W. Boylston St., Worcester 01606 508-853-9966 • www.worcestercu.com $80,657,563 $230,540 7,159 20 2 (h) Karen Duffy (i) 1934 17 AllCom Credit Union 36 Park Ave., Worcester 01609 508-754-9980 • www.allcomcu.org $66,251,837 $403,089 4,574 12 1 Debbie Guiney 1922 18 Worcester Fire Department Credit Union 34 Glennie St., Worcester 01605 508-752-1122 • www.wfdcu.org $39,711,296 $39,857 1,948 5 1 Lisa Carmody 1937 19 Leominster Employees Federal Credit Union 24 Church St., Leominster 01453 978-534-0240 • www.leomefcu.org $18,269,222 $94,654 1,972 5 1 Thomas R. Clark 1936 20 Worcester Police Department Credit Union 805 W. Boylston St., Worcester 01606 508-799-7677 • www.wpdfcu.com $18,074,403 $52,168 1,135 5 1 Julie-Anne Przypek 1947 21 St. Vincent Hospital Credit Union 123 Summer St., Worcester 01608 508-363-9339 • www.svhcreditunion.org $12,586,511 $16,203 1,669 2 1 Nancy M. Burbank 1973 22 Lincoln Sudbury Town Employee Federal Credit Union 278 Old Sudbury Road, Sudbury 01776 978-443-6973 • sudbury.ma.us/creditunion $4,883,285 $21,758 527 1 1 Margaret A. Richard 1962 Sources: National Credit Union Administration (www.ncua.gov), credit union annual reports and websites. All data, including annual income, are from December 2018. (a) New Littleton headquarters under construction and expected to open in 2020 (b) Includes one high school branch, which is open to the public (c) Address is for Littleton branch and operations center; main branch is located at 1610 Eglin St., Hanscom Air Force Base. (d) Effective March 1, 2018, acquired Louise Mills Federal Credit Union of Merrimac (e) Includes two high school branches not open to the public (f) Includes two high school branches and three workplace branches not open to the public (g) Includes one lending center (h) Includes one high school branch (i) Plans to retire end of August 2019; search for successor in progress - Compiled by: Heide Martin, hmartin@nebusinessmedia.com Top credit unions Ranked by assets as of Dec. 2018 Name Assets Annual income (loss) for 2018 No. of members Full-time employees No. of locations Head of credit union Year founded 1 Digital Federal Credit Union 220 Donald Lynch Blvd., Marlborough 01752 800-328-8797 • www.dcu.org $8,530,261,736 $64,519,648 802,007 1,222 22 James Regan 1979 2 Workers Credit Union 815 Main St., Fitchburg 01420 (a) 978-345-1021 • www.wcu.com $1,797,705,514 $11,502,678 101,732 316 15 (b) Douglas J. Petersen 1914 3 Hanscom Federal Credit Union 25 Porter Road, Suite 100, Littleton 01460 (c) 800-656-4328 • www.hfcu.org $1,327,579,561 $11,296,420 88,107 227 21 David Sprague 1953 4 Webster First Federal Credit Union (d) 271 Greenwood St., Worcester 01607 800-962-4452 • www.websterfirst.com $976,994,009 $11,522,983 74,243 211 16 Michael Lussier 1928 5 St. Mary's Credit Union 46 Lizotte Drive, Marlborough 01752 508-490-8000 • www.stmaryscu.org $876,189,714 $4,219,999 60,370 117 8 James C. Garvey 1913 6 Leominster Credit Union 20 Adams St., Leominster 01453 800-649-4646 • leominstercu.com $706,489,736 $2,735,992 50,901 121 9 (e) John J. O'Brien 1954 7 Central One Federal Credit Union 714 Main St., Shrewsbury 01545 508-842-7400 • www.centralfcu.com $514,198,088 $3,701,279 33,779 99 9 (f) David L'Ecuyer 1952 8 IC Federal Credit Union 300 Bemis Road, Fitchburg 01420 800-262-1001 • www.iccreditunion.org $504,356,362 $2,760,376 34,753 93 8 Anthony Emerson 1928 9 GFA Federal Credit Union 229 Parker St., Gardner 01440 978-632-2542 • www.gfafcu.com $502,519,017 $1,992,610 28,676 85 9 Tina Sbrega 1938 10 Millbury Federal Credit Union 50 Main St., Millbury 01527 508-865-7600 • millburycu.com $348,194,555 $2,246,247 30,111 75 5 Joseph F. Barbato 1934 11 Southbridge Credit Union 205 Main St., Southbridge 01550 508-765-5454 • www.southbridgecu.com $186,345,741 $238,764 12,762 42 5 (g) Katherine Alexander 1938 12 Shrewsbury Federal Credit Union 489 Boston Turnpike, Shrewsbury 01545 508-845-6755 • www.shrewsburycu.com $154,488,631 $1,145,760 9,054 21 1 James Dupont 1960 13 Homefield Credit Union 86 Worcester St., North Grafton 01536 508-839-5493 • www.homefieldcu.com $152,585,158 $530,112 8,806 33 2 Karl J. Moisan 1966 14 MetroWest Community Federal Credit Union 200 Concord St., Framingham 01702 508-879-5522 • www.mwcfcu.com $100,709,888 $257,892 7,848 12 1 Joseph Mansour 1941 15 Athol Credit Union 513 Main St., Athol 01331 978-249-3527 • www.atholcreditunion.com $95,457,242 ($97,755) 7,192 19 2 Kevin J. Miller 1930 16 Worcester Credit Union 520 W. Boylston St., Worcester 01606 508-853-9966 • www.worcestercu.com $80,657,563 $230,540 7,159 20 2 (h) Karen Duffy (i) 1934 17 AllCom Credit Union 36 Park Ave., Worcester 01609 508-754-9980 • www.allcomcu.org $66,251,837 $403,089 4,574 12 1 Debbie Guiney 1922 18 Worcester Fire Department Credit Union 34 Glennie St., Worcester 01605 508-752-1122 • www.wfdcu.org $39,711,296 $39,857 1,948 5 1 Lisa Carmody 1937 19 Leominster Employees Federal Credit Union 24 Church St., Leominster 01453 978-534-0240 • www.leomefcu.org $18,269,222 $94,654 1,972 5 1 Thomas R. Clark 1936 20 Worcester Police Department Credit Union 805 W. Boylston St., Worcester 01606 508-799-7677 • www.wpdfcu.com $18,074,403 $52,168 1,135 5 1 Julie-Anne Przypek 1947 21 St. Vincent Hospital Credit Union 123 Summer St., Worcester 01608 508-363-9339 • www.svhcreditunion.org $12,586,511 $16,203 1,669 2 1 Nancy M. Burbank 1973 22 Lincoln Sudbury Town Employee Federal Credit Union 278 Old Sudbury Road, Sudbury 01776 978-443-6973 • sudbury.ma.us/creditunion $4,883,285 $21,758 527 1 1 Margaret A. Richard 1962 EXCELLENCE STARTS AT THE TOP For generations Greenwood Industries has been in the business of expert craftsmanship. Our comprehensive commercial roofing solutions have made us a leader in historical and architectural restorations, private institutions, public works, religious buildings and green roofing. With our unparalleled expertise and commitment to getting the job done right, no other commercial roofing contractor can offer the breadth of services and solutions as Greenwood Industries. GreenwoodIndustries.com 888.653.7663 • Skilled in all roofing applications, from historical renovations to the latest green roofing technologies • Over 200 OSHA Certified Roof Mechanics on staff • In-house sheet metal design and fabrication • Fully insured and licensed Source: Massachusetts Cannabis Control Commission Recreational revenues Gardner's GFA Federal Credit Union is the only Massachusetts financial institution offering banking services to the marijuana industry. Here are the sales from the industry's first few legal weeks. Week ending Revenue Nov. 25 $2,217,621 Dec. 2 $2,586,863 Dec. 9 $2,218,208 Dec. 16 $2,268,416 Dec. 23 $2,813,259 Dec. 30 $2,805,902 Jan. 6 $2,547,556 Jan. 13 $3,049,385 Jan. 20 $3,360,209 TOTAL $23,867,419

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