BROOKLINE, Mass. (6/19/14)--After a half-century's worth of service, Jim Hughes, president/CEO of Brookline (Mass.) Municipal CU, will retire at the end of July.
League President Paul Gentile, center, visits with Jim Hughes, retiring president of Brookline Municipal CU, left, and Paul J. DeMaio, newly named CEO, right. (Daily CU Scan photo)
Hughes, who took the reins of the $42 million-asset credit union in 1971, officially started his career there in 1964.
"We are here for the membership," said Hughes, who describes himself as a 'member guy.' "We do a lot locally. We do a lot of charitable work and we work to pay better rates on deposits and loans than banks (Daily CU Scan June 18)."
Brookline Municipal, which serves primarily town of Brookline employees and retired employees, as well as residents in Brookline, is in walking distance of historic Fenway Park in Boston and its vibrant surrounding neighborhoods.
Hughes says as the town has evolved, so has Brookline Municipal and the services it provides members.
"We used to have lines out the door, down the street on paydays," he said. "Now with direct deposit, ATMs, and online services, more people can use us without stopping in."
Hughes also has served as the chair of the Credit Union League of Massachusetts and is an advocate for the consolidation of the Massachusetts, New Hampshire and Rhode Island state credit union leagues.
The longtime credit union leader will be succeeded at Brookline Municipal by Paul J. DeMaio, who joined the credit union in 2000 in a back-office role, focusing on accounting and core processing. As new CEO, DeMaio says he plans to preserve the traditions Hughes will leave behind when he steps down.
"I'm staying the course," DeMaio said. "We will continue to be an important part of the community."