UMassFive College Federal Credit Union announces retirement of President and Chief Executive Officer
HADLEY, MA (February 7, 2018) — UMassFive College Federal Credit Union’s President and CEO, Katherine Hutchinson, has announced her plan to retire once the Board of Directors selects a new leader, which it expects to have in place no later than the third quarter, 2018.
“We are grateful for Kathy’s leadership and all that she has done in her forty-two years of service to our members,” said Robert Harrison, Chairman of the Board of Directors. “We wish Kathy all the best in her upcoming and well-deserved retirement.”
Hutchinson has been the Credit Union’s President and Chief Executive Officer since January 1997. She joined UMassFive College Federal Credit Union in 1975 as a part time teller. She became Operations Manager in 1981, and subsequently assumed the role of interim President and CEO in 1995, a role in which she served for two years. Kathy was officially named President and CEO in January 1997, assuming the leadership of a credit union boasting 15,000 members and assets in excess of $72 million. During her twenty years as President and CEO, Kathy has positioned UMassFive Federal Credit Union for a bright future, having grown the credit union to over $460 million in assets, with a membership of over 36,000.
Kathy’s successes are many. In 2001, she oversaw the building of a new main branch and headquarters. In 2007, Kathy oversaw the opening of a new branch at Northampton, and its relocation to a more accessible location in 2016. Kathy’s leadership was integral to the success of a merger with the Credit Union of Providence Systems, which resulted in the first branch location in Hampden County, at the Mercy Medical Center. Kathy’s vision and her commitment to the membership was paramount during the refurbishments of many UMassFive branches, to include new technologies, such as interactive teller machines and lobby check-in systems, as well as a branch look and feel that provides a warm welcome and better overall service to members.
“I am grateful to have spent 42 years serving the members of UMassFive College Federal Credit Union, and deeply honored to have had the opportunity to lead it for the last twenty. I am very proud of what my UMassFive colleagues have accomplished together during two decades of both successes and challenges,” said Kathy. “The work we have done together gives me great confidence about the Credit Union’s future success.”
About UMassFive Federal Credit Union
The UMassFive College Federal Credit Union was established in 1967 and serves the University of Massachusetts as well as the Five College System and over 40 other non-profits, co-ops, municipalities, and other community members wishing to join us. As a non-profit financial cooperative, earnings are returned to UMassFive’s membership in the form of better rates, lower fees, and improved services. UMassFive has over 37,000 members, five branches, and assets of over $460 million. For more information about UMassFive College Federal Credit Union, please visit www.umassfive.coop.