News Archives - Common Trust FCU

Congratulations to Our 2022 Scholarship Recipients!

Helping our members send their children to college is one of the most rewarding things we do at Common Trust. That’s why we’re proud to announce Brady Collette and Emma Patrissi as Common Trust’s 2022 college scholarship winners.

Brady, seen here with Vice President Tommy Luu, is a 2022 graduate of Northeast Tech who has been accepted into Eversource’s 2-year Electric Power Utility Program (EPUT) at Bunker Hill Community College. Brady’s goal is to become an electrician and has already been gaining valuable experience working at Wakefield Gas and Light. Brady was also captain of Northeast Tech’s Lacrosse Team.

Emma, seen here with President & CEO Jim McCorkle, is a 2022 graduate of Woburn High School who has been accepted to Castleton University, where she plans to study wildlife and forest conservation. Emma volunteered at Cradles to Crayons, Tanner Closet, Dwelling Place, and the Leo Club. She was captain of the Girls’ Soccer team and also a member of the Indoor and Outdoor Track teams and Girls’ Varsity Hockey team. 

Please join us in wishing Emma and Brady the very best of luck as they continue their education next year!

CTFCU’S 55th Annual Meeting

Join us remotely for our 55th Annual Meeting of the Common Trust Federal Credit Union:

Tuesday, April 12, 2022 at 4:30 PM

To join the meeting dial: 1-209-844-4600

Meeting ID: 307237871#


  • Welcome by Chairperson
  • Old Business
    • Reading and approval of 2021 Annual Meeting Minutes
  • New Business
    • Reading and approval of the Treasurer’s Report
    • Reading and approval of the Supervisory Committee’s
    • Report of the CEO
    • Election of Directors
    • Any other new business

Meeting Recap:

Common Trust Federal Credit Union held its Annual Meeting of the Membership on April 12, 2022, via an audio conference call. Chairman of the Board, Kathleen McSweeney, and President/CEO James M. McCorkle presented the 2021 Annual Reports to the virtual attendees, embracing Common Trust Federal Credit Union’s legacy and focusing on the strategic plans for the future of the credit union. Chairman McSweeney and Mr. McCorkle discussed the investment in innovative technologies while offering competitive loan and deposit rates and strengthening its ties to the communities served by Common Trust. Looking ahead, Chairman McSweeney and Mr. McCorkle referred to the changing and difficult environment we are in, and the commitment Common Trust has made and will continue to make to support the needs of our community.

“Our continued compassion and support for the needs of our employees and the community is what drives our institution,” stated President/CEO James McCorkle. “While few of us know what the rest of 2022 will bring, there is no doubt in my mind that Common Trust’s Credit Union’s dedication to our employees and members, and a commitment to the communities we serve will carry us into the future.”

Chairman McSweeney concluded the meeting by announcing that there are two open seats on the board and ask for any nominations from the floor. Having not received any nominations Kathleen explained that the board would work to fill the two open positions for a period until the next annual meeting.

Remembering Robert E. “Bob” Peary

It is with great sadness that we announce the passing of one of the founding members of Common Trust Federal Credit Union. Robert E. “Bob” Peary,  retired Chief of Woburn Fire Department, passed away on Friday, September 4th.  Bob played an integral role in founding Common Trust, and his contributions to both the credit union and our community will live long in our memories. Our thoughts and prayers are with his wife Myrtle, his children, and grandchildren.

Annual Meeting Rescheduled

The business portion of our annual meeting will be held on Wednesday July 29, 2020 from 4:30-5:00 pm. Due to COVID-19, this meeting will be held virtually via a conference call – with no in- person meeting. Those interested in participating should call us at 781-933-2600 no later than July 29th at 4:00 pm to receive the call-in information for the meeting.

We will miss seeing everyone in person, the continued health and wellbeing of our members and staff remains our priority during these times. We appreciate your understanding.

Common Trust Federal Credit Union announces the recipients of our 2020 Scholarships!!

Every year Common Trust Federal Credit Union awards two graduating seniors a $1,000 scholarship, this year we are thrilled to announce the recipients are Katelyn Autenzzio and Kailey Scalesse!!!

Katelyn is a 2020 graduate of Woburn Memorial High School where she served as the VP of the Key Club, was a member of the National Honor Society and received multiple academic awards while attending high school. Katelyn also started her own nonprofit called Winnie’s Slime which has allowed her to donate over $1,000 to some great causes including Racing for Orphans with Down Syndrome. Katelyn will be attending Regis College in the fall and will be studying Nursing!

Kailey is also a 2020 graduate of Woburn Memorial High School where she served as Co-President of the Student Council, was a member of the National Honor Society along with being the class representative for Best Buddies and also was the recipient of multiple academic awards during her years at Woburn High School. Kailey will be attending Umass in the fall where she will be studying Education and Sociology as she looks to fulfill her dream of becoming an elementary school teacher!

Common Trust Federal Credit Union congratulates Katelyn Autenzzio and Kailey Scalesse and all the 2020 Graduates!!

Check out our feature on Woburn Spotlight!

Over the past two years, Common Trust Federal Credit Union has made huge strides towards becoming more involved in the community and accommodating member wants and needs. In the last three years alone, our portfolio has grown drastically to include a wide range of loan promotions. Our services have also been expanded to offer financial literacy programs to schools in the Woburn area, further reinforcing our close-knit ties to the community. From competitive offers to an unbelievably friendly staff, the list of things that set us apart from competition keeps on growing.

Last week, President and CEO Jim McCorkle had the opportunity to speak with Tyler Gates of the Woburn Spotlight and answer a few questions. In the episode, Jim dives a little deeper into some notable milestones and next steps to keep giving back to the community and our members. Want to learn a little more about what’s been going on behind the scenes here at Common Trust? Check out the full episode.

Congratulations to DECA at WMHS as They Continue to Thrive!

We would love to extend a heartfelt congratulations to the DECA Club at Woburn Memorial High School for continuing to thrive into their second year!

The program just started up last year, and a whopping 15 out of the total 60 students went on to compete in state competition. The DECA program provides real-world experience to shape the minds of future entrepreneurs and emerging leaders in marketing, finance, hospitality, and so much more. College and high school students alike are welcome to participate in such a revolutionary organization.

Common Trust Federal Credit Union is proud to support such a successful team of hardworking individuals. We wish them the best of luck in the new year as they conquer many more competitions.

Congratulations to DECA at WMHS as They Continue to Thrive!

Remembering our Retired CEO, Elizabeth “Betty” Girardi

It’s with sadness that we inform our membership that retired CEO Elizabeth “Betty” Girardi passed away yesterday. 

Betty worked for the credit union in many different capacities for over 40 years and served as CEO for over 20 of those years until her retirement in December 2014. 

Please join us in sending condolences to Betty’s family during this difficult time.

Follow this link for Betty’s official obituary and service details.

Apply for Our Board!

Common Trust Federal Credit Union is seeking new leaders from the membership for our Board of Directors!

Our Board of Directors is democratically elected by the credit union and is responsible for establishing loan and savings policies and directing all affairs of the credit union. Serving on our board of directors is a great opportunity to help guide the credit union and be a voice for the membership.

The seats open are as follows:

  • Four (4) seats open for re-election
  • Three (3) seats open for a term of 3 years
  • One (1) seat open for a term of 1 year

If you or someone you know would make a good fit, visit our office to pick up the application or click the link below to download. Completed applications will be accepted from now until December 15th, 2019.

BOD Intent Form for Nomination 

BOD Certification Form

Common Trust Federal Credit Union Supporting Local Health Care as Platinum Sponsor of Step out for Hospice

Photo caption: Members of the Woburn Friends of VNA Hospice & Palliative Care recently
thanked Common Trust Federal Credit Union for their support as Platinum Sponsor of the
22 nd annual Step Out for Hospice. Back row, from left: Robert Brown, Treasurer of the
Woburn Friends; Joseph McDonough, Jr., Co-Chair of the Woburn Friends; James M.
McCorkle, President & CEO of Common Trust Federal Credit Union; Brian Kelley, Co-Chair
of the Woburn Friends; Jamie Kelley, Co-Chair of the Woburn Friends; and Laura Wise,
Manager of Fund Development for VNA Hospice & Palliative Care.

Common Trust Federal Credit Union has signed on as a Platinum Sponsor of the 22nd annual Step Out for Hospice, a benefit for VNA Hospice & Palliative Care on Sunday, Oct. 6, in Woburn.

“We are grateful for Common Trust’s ongoing generosity as a key sponsor of our annual Walk Run benefit. All the money raised though Step Out for Hospice will help us to provide care, support and comfort to people of all ages with a life limiting illness,” said Laura Wise, Manager of Fund Development.

Common Trust Federal Credit Union is a member-owned financial institution that provides personal banking services. Located at 8 Cedar St., Woburn, Common Trust’s mission is to be the familiar face that guides their membership to financial stability by building lifelong relationships with each individual and providing them with the solutions needed to meet their unique goals.

“Common Trust is pleased and honored to support this fun, family-oriented event,” said Jim McCorkle, President and Chief Executive Officer of Common Trust Federal Credit Union. “We are deeply involved in our community, and we see this as an opportunity to give back to the community and to support an important local organization. We hope to see everyone there enjoying Step Out for Hospice!”

Step Out for Hospice begins at the Irish American Club of Woburn, 147 Main St. The free, 1-Mile Fun Run for children ages 13 and under starts at 11:30 a.m. Prizes and a limited number of T-shirts will be available for Fun Run participants. The 3-Mile Walk starts at noon, and 5-mile Road Race at 12:30 pm. Participants are invited to enjoy the post-walk/run festivities, including live music and dancing, chowder, hot dogs, popcorn, raffle, and silent auction.

Preregister now for the Walk or Road Race for a discounted fee of $30 (includes sweatshirt). Students may register for the Walk or Road Race for $15. The Fun Run is free; preregistration is appreciated. To register, visit or call Deborah Corkum of VNA Hospice & Palliative Care at 888-663-3688, ext. 1362. Step Out for Hospice is presented by the Woburn Friends of VNA Hospice & Palliative Care, Irish American Club of Woburn, and Shamrock Running Club. For more information about Common Trust Federal Credit Union, please visit

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