Central One CEO retires after 32 years
David L’Ecuyer, president and CEO of Central One Federal Credit Union in Shrewsbury, announced his retirement on Wednesday after 32 years with the financial institution.
“I have had a truly gratifying and fulfilling career over the past 32 years with Central One Federal Credit Union. It has been a privilege to work with such a talented and inspiring staff, and I am incredibly grateful for the support and confidence shown by the board of directors over the course of my tenure here,” L’Ecuyer said in a written press release.
L’Ecuyer began his leadership role with Central One in 1994, and he grew the credit union’s assets nearly seven-fold to $735 million and doubled membership to more than 35,000 members.
The board of directors has hired credit union consulting firm D. Hilton Associates of Texas to conduct a nationwide search to find L’Ecuyer's replacement.
L’Ecuyer worked his way up at Central One starting as an assistant manager in 1990 and the manager of operations in 1991 before obtaining his current position. He is the second CEO of Central One in its 70-year history.
During his time as president and CEO, L’Ecuyer changed Central One to a community-based credit union, expanded Central One’s field of membership to all of Worcester County and parts of Middlesex and Norfolk counties, and oversaw the launch of the Central One Retirement & Investment Center and Oak Tree Insurance Agency.
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