John Thomasian Named Next Leader of Webster First Federal Credit Union
He succeeds Michael N. Lussier, who will retire on May 1 after 37 years of service to the credit union movement.
John Thomasian will become the next president/CEO of Webster First Federal Credit Union in Worcester, Mass., on May 1, the board of directors said Tuesday.
He will succeed current CEO Michael N. Lussier who will retire after 37 years of service.
Lussier joined Webster First in 1987 as its CFO and was named president/CEO in 1990. During his CEO tenure, the credit union increased assets from $139 million to its current assets of $1.4 billion, while loans grew from $95.9 million to $1.1 billion and membership expanded from 37,782 to more than 90,000, according to NCUA Call Reports.
“As I reflect on my time at Webster First Federal Credit Union, I’m filled with immense gratitude for the opportunity to work alongside such a dedicated and talented team,” Lussier said. “From the moment I joined, it’s been an incredible journey, one defined by teamwork, excellence and a shared commitment to serving our members with the highest standards of professionalism and care.”
Thomasian joined Webster First in 2010 as a financial analyst. He later moved up to the positions of assistant vice president of finance and vice president of revenue. After working as CFO at North Brookfield Savings Bank for nearly two years, he rejoined Webster First in 2021 as its vice president of risk management, according to Thomasian’s LinkedIn page.
“Having Mike as a mentor has allowed me to observe the fundamental foundations modeled that made him a successful CEO,” Thomasian said. “I am honored to be given the opportunity to serve as Webster First’s next president/CEO and look forward to expanding and enhancing the integrities it was built upon.”
Webster First’s 216 employees operate 14 locations that serve members and their communities across central and eastern Massachusetts.