Worcester Credit Union President and CEO Karen Duffy is planning to retire after more than 25 years with the credit union.

Her retirement will be effective Aug. 31 of this year, the credit union said in a statement yesterday. In addition to her time at the $81 million-asset Worcester Credit Union, Duffy has also served on the board of directors of the Cooperative Credit Union Association for 20 years. During her tenure, Duffy served as chairwoman of the board and of the association’s legislative affairs committee.

“We are very thankful for Karen’s hard work and loyalty to Worcester Credit Union over the past 25 years,” Robert J. Hennigan Jr., chairman of the board of directors at Worcester Credit Union, said in a statement. “She will be missed by the board, staff and members. However, the impact that she has made will live on at the credit union now and into the future.”

The board has retained O’Rourke and Associates to lead the search for a new CEO.

Worcester Credit Union CEO to Retire

by Banker & Tradesman time to read: 1 min
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