IC Federal Credit Union: Where Members Come First

From our start in the basement of a local church in 1928, to our position today as one of the largest credit unions in Massachusetts, IC Federal Credit Union puts Members first.

Our Mission is clear: To improve the well-being of our Members by providing innovative products and services while promoting Member education and community support through a team of caring, knowledgeable and empowered professionals.

A Look Back In 1928

Founded as a Member-owned, non-profit institution, we were chartered to encourage savings by offering a fair return on deposits. Deposits were then used to offer our Members low-cost loan products as well as other services.

Years of steady growth followed, and in the early 1970s we built our main office on Main Street in Fitchburg, and also opened a branch in Parkhill Plaza. Local response was overwhelming, so in 1985 we moved our main office to larger space on Bemis Road.

Our Charter: Change is Good

In 1986, we changed our charter from state to federal, allowing us to broaden our Field of Membership. We became the IC Federal Credit Union.

Our field of membership expanded to include individuals who live or work in the Massachusetts counties of Worcester, Middlesex, Franklin, Hampden, Hampshire, and Norfolk. Also included are the spouses of individuals who have passed away while Members, credit union employees, Members of their immediate families, and organizations of such individuals.

Benefits of Change

In 1986, we expanded into Leominster, opening a branch on Mechanic Street. We opened a Westminster branch in 1992, serving the growing membership in the northern region.

Two new branches welcomed Members in 1997. The first was our Watertower branch in Leominster. The second was a branch in Ayer. Given the ongoing revitalization in Ayer at that time, it gave us the opportunity to serve our growing Memberships as seen in the Fitchburg, Leominster, and Westminster communities.

To Look Ahead, Look Here

Our Parkhill Plaza branch moved to a new location in 2006. Here, Members find state-of-the-art technology, including an Internet café, plasma TV displays with information updates, and ATM drive-thru access.

Our Westminster branch – the first of its kind in the area – features an innovative dialogue banking center with a welcoming, open-concept design. Members can relax in our Hospitality Area or read about important financial topics while watching IC news in our new Financial Center. A similar innovative dialogue banking center is also at the heart of our Worcester branch. Members are pleased to discover convenient new hours, drive-up ATM, as well as a coin-counting machine.

Executive Management:
President & CEO

SVP / Lending & Loss Mitigation


SVP / Business Development

VPs & AVPs:
Mary Carlson VP - Compliance & Operations
Tammi DiSalvo VP - Member Services
Laura LaVoie VP - IT
Carolyn Perla VP - Retail Sales & Service
Alan Roy VP - Finance
Holly Sanchez VP - Human Resources
David Cotton AVP - Innovation Operations
Susan Davan AVP - Mortgage Lending
Eric Iacoboni AVP - Consumer Lending
Peggy Manca AVP - Mortgage Processing
Andrew Storm AVP - Member Services

Board of Directors:
Norman P. Gariepy, CPA Chairperson of the Board
Gail M. Allen, Esq. Vice Chair
Norman J. Boudreau Secretary & Financial Officer
Kenneth V. Stone, Jr.  
Donat C. Aubuchon  
Mary E. Scott, Esq.  
David A. Celuzza  
Jeffrey M. Aubuchon  
Christopher P. Hendry  
Attorney Charles A. Gelinas (Legal Counsel)
Supervisory Committee:
Chairman: David A. Celuzza  
Suzanne M. Farias  
Ernest F. Houle  
Frank J. Zanghi, Jr.  

At IC Federal Credit Union, the reason we’re focused on moving forward is simple

We’re dedicated to helping our members, staff, and community get ahead.

icfcu cares


Making a positive difference

IC Federal Credit Union Community involvement stretches over six Massachusetts counties. Learn more

Jeans fo Charity


Join our Team

We are proud to provide superior financial products and services that create opportunities for growth. Learn more

Other Important Links:

Personal Banking Begins With You

Personal banking means personalized service.

We offer convenient, simplified e-banking that keeps up with your busy life. Plus competitive products, such as high-interest free checking accounts, with no minimum balance, as well as interest-building Share CDs.

Personal Banking

Other Accounts:

personal Online banking

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