Media Release
GMCU welcomes new CEO to the Goulburn Murray region
Thursday 28 November 2024 – Shepparton
Goulburn Murray Credit Union Co-Operative Ltd (GMCU) has announced the appointment of Richard O'Nians as Chief Executive Officer at its Annual General Meeting held last night.
Chair of GMCU, Eugenie Stragalinos, welcomed Mr O’Nians in her Chair’s address, noting his deep connections to regional Victoria and extensive experience in financial services.
"Richard brings over 30 years of experience in the financial services sector, including leadership roles in business banking, retail banking, risk management, and financial reporting,” Ms Stragalinos said.
“He has built and led high-performing teams, fostered strong customer and community relationships, and driven strong business results across his career.
“As we move into 2025, we will face into some challenging economic conditions. The board is reassured to have a leader of Richard’s calibre navigate GMCU through those times,” she said.
Mr O’Nians has longstanding connections to regional Victoria and is looking forward to broadening his ties to the community.
“I’m passionate about seeing regional and rural communities thrive, and I’m looking forward to being part of an organisation that can directly contribute to positive outcomes for the communities they operate in,” Mr O’Nians said.
“I look forward to spending some time across our branch network and in the community to get an understanding of the unique issues impacting them,” he said.
Mr O’Nians commences his role on Monday 2 December 2024.
Ends.
About GMCU:
Goulburn Murray Credit Union Co-Operative Limited (GMCU) has been providing local banking solutions since 1955 across 10 locations in the Goulburn Murray region. As a member-owned organisation, 100% of profits are reinvested into the products and services for our members, as well as community initiatives to help local people grow, thrive and succeed. Find out more.
Highlights of GMCU’s Financial Performance for the Financial Year ending 30 June 2024:
- Net Profit After Tax of $2.2 million
- Total assets increased by $25 million to $558 million
- Lending growth 10% year on year
