Lori Herrick has been President/CEO of Manchester Municipal FCU, Manchester, Conn., for the past 21 years, growing the credit union’s assets from $1.8 million to $31 million and adding many distinguishable services for the credit union’s very active, loyal members.
Lori has been involved with and a champion for the CUNA/League System as a whole. Over the past five years, Lori has served on the CUNA Board-appointed CUNA Small Credit Union Committee, including both as Chair and Vice Chair and providing a strong voice for credit unions during meetings with NCUA officials, including with both recent Chairmen Rodney Hood and Todd Harper. Lori was also appointed to the influential CUNA COVID-19 Task Force in 2020 to help the movement navigate through a global pandemic.
Lori has additionally held positions with the Credit Union League of Connecticut for over 20 years, spearheading the Connecticut League’s Small Credit Union Task Force, serving on the League’s Hartford Chapter as Treasurer, and currently serving as Supervisory Chair.
In addition to serving in leadership roles on her local chapter, Lori has been a leader within the CUNA Small Credit Union Community, CUNA’s networking platform for small credit unions; and also, a regular speaker for CUNA’s small credit union programs and initiatives. In a true example of credit union collaboration, Lori developed a highly successful and innovative in-house student loan program in 2009 and has worked tirelessly to share the program with credit unions nationwide. Lori has been instrumental in helping dozens of credit unions start this program at their credit unions.
As a result of her strong understanding of her members’ needs, and how to deliver solutions to meet those needs, Lori was presented with the Credit Union Professional of the Year Award by the Credit Union League of Connecticut in 2015.