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About Us

The Health Alliance Federal Credit Union (HACU) began as the Somerville Hospital Employees Federal Credit Union. Our first President, Jim Mahoney and the Board of Directors had a vision to provide a cooperative means of savings and lending to the employees of the Somerville Hospital. Each member purchased shares and thus began the credit union in September 1966.

Today the credit union has expanded its field of membership to include all individuals and their family members who work for the Cambridge Health Alliance. This includes all employees who work at any of the three campus locations: Cambridge Hospital, Somerville Hospital and Whidden Hospital, as well as the many clinics and health centers.

Over the years, one thing has remained constant: the vision not to be the largest, but the best credit union it could be. We are dedicated to providing competitive financial products and services, while ensuring the financial well-being of the organization. We strive to build one-on-one relationships with our members through the highest standards of service and convenience.

Not for profit, but for service.

We offer the same services as other financial institutions, but since we are member owned and not for profit, we roll back all returns to benefit our members, in the form of lower rates on loans and higher rates on savings.

Board of Directors

John Colbert – President
Jay Stephens – Vice President
Jaja Kumpa – Treasurer
Pamela Brown – Secretary
Teresa Forestell – Director
Terri Lordan – Director
Michael Colbert – Director
Jonathan McCray – Director

Credit Committee

Michelle Correia
Kathleen Dion
Jeanne Hyppolite
Heather Roderick
Mary Scott

Supervisory Committee

Paulette Bassett
Maritza Cabrera
Kristen Myers
William Barringham
Terri Lordan

Staff

Jaja Kumpa – Manager/Treasurer

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