St. Anne’s Celebrates 88th Annual Meeting; Awards $24,000 in Scholarships to Local Students
St. Anne’s Credit Union held its 88th Annual Meeting at the Credit Union’s Corporate Office in Fall River on April 22, with Board Members Kevin Fitzpatrick, Bernard J. McDonald III, and Yonaton “Yoni” Sunshine re-elected to their positions.
Reviewing the achievements of the past year, Chairman William R. Bouchard and President & Chief Executive Officer Eileen M. Danahey shared a narrative of growth across various dimensions, including membership expansion, robust financial performance, and significant community outreach. This notable progress empowered the Credit Union to reinvest substantially, extending $109 million in loans to members and local businesses—a testament to their unwavering dedication to financial well-being.
“Since its establishment in 1936, St. Anne’s Credit Union has remained steadfast in its commitment to serving its membership, blossoming into one of Massachusetts’ largest credit unions, reaching $1.2 billion in assets by 2023. Reflecting on our journey, we find inspiration in St. Anne’s humble beginnings, evolving from modest roots into a network of 11 locations,” remarked Chairman William R. Bouchard. “Through the introduction of our new rewards credit cards, the incorporation of remote banking innovations, and the extended availability of our Live Video Tellers seven days a week, we have significantly enhanced the accessibility of our services. Complemented by free access to thousands of ATMs nationwide and surcharge rebates on select accounts, we reiterate our commitment to meeting the diverse needs of our members. Rooted in the principles of a member-owned cooperative, our Credit Union was founded to deliver financial solutions that empower our members and enrich our broader community. Despite our growth over the years, our steadfast allegiance to these fundamental principles has remained resolute, guiding us from inception to the present day.”
President & Chief Executive Officer Eileen M. Danahey echoed this sentiment during the meeting, affirming, “The growth and success of our organization hinge on a relentless pursuit of enhancing your experience and fulfilling your needs. This dedication has garnered recognition from the SouthCoast community, where we have been honored as the Best Credit Union, Best Mortgage Lending Company, and Best Personal Loan Company for seven consecutive years. Furthermore, we are humbled by our inclusion in Banker & Tradesman’s esteemed list of Massachusetts’ Top 10 Lenders of 2023. These accolades reaffirm our commitment to excellence. We take pride in our achievements, remain confident in our strategic direction, and find motivation in the dedicated efforts of our employees, whose selfless service forms the cornerstone of our mission to provide financial success and security to our members while embracing the credit union philosophy of ‘Not for profit, But for service’.”
Acknowledging the commitment of their team members, in 2023, they celebrated significant milestones, with one employee achieving an impressive 45 years of loyalty to St. Anne’s. By the end of the year, the combined service of St. Anne’s employees and Board of Directors totaled an accumulation of commitment spanning over 2,000 years.
Beyond community support and free financial education provided throughout the year, St. Anne's remains committed to empowering their members and their children to achieve financial and academic success. In 2023, the Credit Union continued its support by offering $24,000 in scholarships to deserving recipients. For more information on upcoming scholarship programs, visit stannes.com/scholarships.
