Welcome to our new CEO, Derek Cronin!

Introducing Derek Cronin \ Our new CEO plans on helping members Build from here for years to come.

We are thrilled to introduce you to our new CEO, Derek Cronin. And we want to take this opportunity to tell you a little bit about him.

Most importantly to us, Derek is as passionate an advocate of the credit union movement in general, and of Mills42 specifically, as Carla is. So, we are doubly lucky in having found him.In fact, Derek sums up his feelings this way:

“People helping people. That is the credit union way, and it is something I believe in strongly. Over my 12+ years in the financial services industry, I have seen how larger banks operate compared to smaller credit unions. And there is nothing like the small, local, community feel of a credit union.

I look forward to continuing the Mills42 mission of, ‘Build from here,’ by ensuring every member feels that they are not just a number, as is the common perception that customers of larger banks have.

Mills42 is not your average financial institution. Our mission is to help our members and our community improve financially—not to ‘nickel and dime’ them with unnecessary fees and high loan rates.

We have an excellent, dedicated team of highly skilled employees and board of directors. I am thrilled to be joining them.”

Derek has been in the financial services industry since 2008, when he started as a teller at Eastern Bank in Swampscott. Over the following 12 years, he was promoted to teller manager at Eastern Bank, then moved to St. Jean’s Credit Union in 2013, where he was assistant manager of their Revere branch. In 2015, Derek was recruited to join Beverly Municipal Federal Credit Union as their Executive Manager/CEO.

Please join us in welcoming Derek. In fact, if you want to send him an email to say, “Hi,” drop him a line at derek@mills42fcu.com.

The future for Mills42 and our members look bright, indeed!