Central One Federal Credit Union President/CEO announces plans to retire

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David A. L’Ecuyer is the CEO and President of Central One Federal Credit Union. (Photo/submitted)

REGION – Central One Federal Credit Union’s President and CEO David A. L’Ecuyer has announced his plans to retire in 2022. 

The Central One Board of Directors, in turn, has hired D. Hilton Associates to conduct a nationwide search to find its next President and CEO. 

“The Board would like to take this opportunity to sincerely thank David for his 32 years of service with Central One Federal Credit Union.” Board of Directors Chairperson Robert McLaren said in a press release last month. “David’s leadership, knowledge, and commitment have helped make Central One what it is today.”

“We are immensely grateful for David’s commitment to serving our membership during his time at Central One,” McLaren continued. “We wish David all the best for his retirement and success in all his future endeavors.”

L’Ecuyer has been Central One’s top executive since 1994.  During his 28-year leadership tenure, the credit union’s assets have grown seven-fold to $735 million while membership has more than doubled to over 35,000 members. 

As only the second CEO in Central One’s 70-year history, L’Ecuyer has orchestrated the transition from a small occupational-based credit union for New England Electric System employees to one of the largest federal credit unions in central Massachusetts. 

He began his career at Central One as an assistant manager in 1990. He was promoted to the role of manager of operations in 1991 and subsequently named to his current position in 1994. He has volunteered numerous hours in community service and in helping the industry. He has served on the boards of several different local and regional organizations. 

In 1998, L’Ecuyer led Central One’s change to a community-based credit union. This, Central One notes, paved the way for enhanced products and services and branch expansion in more communities

“All through this expansion, his team has taken great pride in continuing to provide world class service to all its members and earned extremely high member satisfaction ratings,” the credit union’s press release noted.

In March of 2021, L’Ecuyer initiated the further expansion of Central One’s field of membership to all of Worcester County as well as parts of Middlesex and Norfolk counties. 

In his goal to provide members with a “one stop shop” for all their financial service needs, L’Ecuyer further oversaw the launch of the Central One Retirement & Investment Center and Oak Tree Insurance Agency. .

“I have had a truly gratifying and fulfilling career over the past 32 years with Central One Federal Credit Union,” L’Ecuyer said. “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.”

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