March 19, 2021
DISCLAIMER: The following content was not created by the Chamber Collaborative on behalf of a member, but is shared by them.
PORTSMOUTH – After nearly 19 years of excellent service with Northeast Credit Union (and the former Woodlands Credit Union), Timothy J. Collia recently announced plans to step down as President and Chief Executive Officer of Credit Union in the summer of 2021. Collia served 10 years as President / Chief Executive Officer of Woodlands Credit Union and the last seven years in the same capacity as Head of Northeast Credit Union.
Since Collia became President and CEO in 2014, Northeast Credit Union has expanded its branch network from 14 to 19 locations, completed a successful merger with the Federal Credit Union of Ocean Communities, and increased the organization’s presence in Maine from $ 1 billion to over $ 1 billion. $ 8 billion, increasing membership from 101,000 to over 139,000. Collia has also had the privilege of running the only New Hampshire Credit Union to have been placed on Forbes’ “Best Credit Union” list for the past three consecutive years.
As an advocate for community service and giving back, Collia increased the Credit Union scholarship program to $ 40,000 in support of our student members, launched the Love Your Community initiative, and established the Northeast Credit Union Foundation.
“Tim led the Northeast with heart and vision,” said Raymond Bald, Chairman of the Board of Directors. “His contributions to the credit union and community are always valued and admirable. We wish him a happy, healthy, and well-deserved retirement when he returns to his family and Michigan roots.”
“It has been an honor to work with so many talented people and to serve so many kind and caring members. We will miss New England very much, but my wife, Doreen and I look forward to being closer to our family,” said Collia. “From a credit unions perspective, I’ve always believed membership growth is an important indicator of whether we are living up to our mission. It shows that we are improving lives by building close relationships with members and the community. Mission accomplished! ” he said.
Collia will step down from the position of President / CEO effective July 2, 2021. A successor has not yet been announced. The Credit Union Board of Directors has hired D. Hilton Associates, Inc. to administer the hiring process.
Via the Northeast Credit Union
Since 1936, Northeast Credit Union, a member-owned and not-for-profit organization, has provided secure, high quality financial services to its members. From humble beginnings at Portsmouth Naval Shipyard, Northeast has grown to more than $ 1.8 billion in assets, over 139,000 members and 19 offices in New Hampshire and Maine. Northeast strives to provide exceptional value, convenience and the highest level of service every day while celebrating and supporting its community through the Love Your Community Project (TheLYC.com).
To learn more about the Love Your Community project, please visit www.thelyc.com.
This press release was prepared by the Greater Portsmouth Chamber Collaborative. The views expressed are those of the author.