St. Anne's Credit Union Hires Richard Kane as Vice President of Commercial Risk

FALL RIVER, Mass. - April 12, 2018 - PRLog -- Eileen M. Danahey, President & CEO of St. Anne's Credit Union, along with its Board of Directors, are pleased to announce the appointment of Richard Kane to the newly created position of Vice President, Commercial Risk.

In this role, Kane will be responsible for the overall strategic direction and leadership of the Commercial Risk function, to help grow St. Anne's commercial banking business while ensuring that the portfolio continues to meet the Credit Union's high credit standards, including developing risk control products and services that align with St. Anne's underwriting tactics for various product lines and customer segments. Richard will play an instrumental role in building a comprehensive risk management process that positions St. Anne's for future growth.

"Richard is a great addition to our team and brings a wealth of experience in merging and integrating risk management practices, policies and procedures. His deep credit experience and knowledge will be a valuable asset as St. Anne's continues to expand in commercial banking," said St. Anne's Credit Union President & CEO, Eileen M. Danahey. "His proven analytical, technical and strategic skills, coupled with his strong risk management experience, made him the ideal candidate for this position. His role at the Credit Union exemplifies our commitment to top-quality risk management, and on behalf of the executive team and Board, I welcome him to the Credit Union and look forward to his positive contributions."

Richard Kane brings with him nearly 20 years of financial experience, most recently working as First Vice President, Commercial Lending at Rockland Trust, the largest publicly traded commercial bank headquartered in Massachusetts, with more than 8 billion in assets and 85 branches. In this role, he was responsible for commercial lending and overall loan portfolio management in Falmouth and Martha's Vineyard. Prior to this position, he served on the senior management team for several other financial institutions in New England in various roles. A Chartered Financial Analyst (CFA), Mr. Kane obtained his B.A. in Economics from Ithaca College, is a graduate of the Prochnow Institute Graduate School of Banking at University of Wisconsin and has also obtained RMA's Credit Risk Certification (CRC).

With over $929 million in assets, St. Anne's Credit Union was established in 1936. The Credit Union is headquartered in Fall River and has eight full-service branches located in SouthCoast communities including Dartmouth, Fairhaven, Fall River, New Bedford, Somerset, and Swansea. The Credit Union offers a wide range of banking products and services that make managing money easy. St. Anne's has been recognized by Banker and Tradesman as the #1 Credit Union in Massachusetts as well as the #1 Mortgage Lender in Bristol County. Visit https://www.stannes.com or call 1-877-782-6637 for more information. Deposits are federally insured by the National Credit Union Administration and by the Massachusetts Credit Union Share Insurance Corporation.