Portsmouth, N.H. – Northeast Credit Union (NECU) is pleased to announce the selection of Kelly McGrath as the new Senior Vice President/Chief Lending Officer (SVP/CLO). In this position, McGrath administers and oversees the credit union’s entire loan portfolio, including consumer, mortgage, and business loans.
“We are excited to welcome Kelly, an accomplished banking executive, to our NECU team,” said Tim Collia, NECU President and CEO. “Her lending background and leadership style will be a great addition to Northeast Credit Union and an asset to the communities we serve.”
As SVP/CLO, McGrath will be responsible for all credit and lending functions, and the overall loan portfolio management. She will direct the growth, quality, market competitiveness, risk management and asset diversity for the consumer, mortgage, and business loan portfolios. McGrath is also tasked with ensuring that the strategic direction and execution of the lending business aligns with NECU’s commitment to fuel hope and opportunity for its members’ lifelong financial wellbeing.
McGrath has more than 16 years of industry experience, bringing to NECU an extensive background in all facets of lending from mortgage and business to indirect lending. Prior to joining Northeast Credit Union, McGrath served as Chief Lending Officer at Michigan First Credit Union in Lathrup Village, Michigan.
“I’m honored to be joining the Northeast Credit Union team— the organization’s reputation and service to its members attracted me to this role— I’m excited to get started,” said Kelly McGrath, NECU SVP/CLO. “I’m looking forward to working on a multitude of lending projects to help NECU continue to grow.”
In addition to her credit union career at Michigan First Credit Union, McGrath has worked as a mortgage industry professional with MB Financial, J.P. Morgan Chase, and Saxon Home Mortgage. McGrath earned her Bachelor of Business Administration degree from Saginaw Valley State College in Saginaw, Michigan.
“Kelly has a deep-rooted passion for the credit union movement and will be an asset to our team here at Northeast Credit Union. She shares our values and vision for growth and enhanced member experience. We are looking forward to working with her and continuing to provide exceptional lending products and services to our members,” said Collia.
About Northeast Credit Union
Since 1936, Northeast Credit Union (NECU) has been helping people with their financial needs and giving back to the local communities. NECU has $1.4 billion in assets and serves more than 130,000 members at 20 branches throughout New Hampshire and Maine. NECU is member-owned, operating not-for-profit, but for service, which allows the revenue generated by its services to be given back in the form of lower interest rates on loans, reduced fees, attractive earnings on savings and investments, and around-the-clock access to the latest electronic services. For more information, please visit www.necu.org.