EasCorp selects new President/Chief Executive Officer
BURLINGTON, MA (January 5, 2022) — The Board of Directors of Burlington Massachusetts Eastern Corporate Federal Credit Union (EasCorp) recently announced the appointment of Cynthia (Cindy) Nelson as President/CEO effective January 3, 2022. Nelson succeeds Jane Melchionda who retired from her leadership role as of the same date.
Ms. Nelson joined the EasCorp staff in 1989 and rose steadily through the organization to her most recent position of Executive Vice President. In that role, she provided oversight of all balance sheet and risk management activities. In addition to her MBA degree from Bentley University in Waltham, Massachusetts, Nelson maintains a Chartered Financial Analyst designation.
In his announcement letter to EasCorp’s member credit unions, Board Chairman, David Sprague, wrote that Nelson embodies the cultural values and service commitment to member credit unions that are the hallmark of EasCorp’s marketplace reputation.
Sprague also acknowledged Melchionda’s legendary 43-year career as the first and, until recently, only President and Chief Executive Officer in EasCorp history. He credited Melchionda with leading EasCorp’s growth and development from a modest two-person operation in its formative days to the modern, complex, and sophisticated organization it is today.
Cynthia (Cindy) Nelson
About EasCorp Federal Credit Union
Eastern Corporate Federal Credit Union (EasCorp) is a corporate credit union serving credit unions throughout the United States from offices in Burlington and Woburn, Massachusetts. EasCorp provides credit unions with a variety of deposit, loan, and investment services, ALM modeling, and security safekeeping services. Its wholly-owned subsidiary, Vertifi® Software, a Credit Union Service Organization, delivers state-of-the-art payment system technologies, including a new FedNow® Service gateway, and innovative digital solutions to the financial services industry. For more information, visit www.eascorp.org.
