Former Republican gubernatorial candidate Charles Baker has made good on his pledge to take a credit union job in addition to his high-flying venture capital position.
Braintree-based Tremont Credit Union announced today that Baker has joined its board of directors.
He formerly spent a decade as president of Harvard Pilgrim Health Care, after serving as human services director and budget chief in the Weld and Cellucci administrations.
“Charlie’s consummate blend of business skills, government experience, financial expertise, and regulatory knowledge will provide extraordinary organizational benefits," George Hardiman, chairman of Tremont’s board of directors, said in a statement.
Baker said: "I admire and appreciate the critical role the credit union industry plays in providing accessible and low cost financial services to the people of Massachusetts."
The statement noted Baker is joining Tremont as it strengthens its financial controls after state bank regulators issued critical findings of the bank’s operations last April.
Since then Tremont has changed its board, brought on new executives, and reorganized its loan, sales, and customer service staff.
Board members, including Baker, receive no compensation for their service.
Governor Deval Patrick branded Baker as an out-of-touch business leader during their recent campaign. The Democrat complained his salary had risen at Harvard Pilgrim as consumer premiums increased. Baker pointed to repeated top customer satisfaction ratings the insurer received, as well as his ability to pull it out of state receivership.
While announcing earlier this month he was joining a venture capital firm, Cambridge-based General Catalyst Partners, Baker said he would focus on growing small- to mid-sized companies especially in the health care arena.
At that time, he also said he was considering a credit union board role.
The Tremont Credit Union is open to workers who live or work in Suffolk, Norfolk, and Middlesex Counties, are Massachusetts residents of Latvian heritage, or are affiliated with several community or employer groups including the Boston Public Schools, Boston Children’s Hospital, Dana-Farber Cancer Institute, Amtrak, Blue Cross Blue Shield of Massachusetts, and the Iron Workers Union Local 7.
About Political Intelligence
Glen Johnson is Politics Editor at boston.com and lead blogger for "Political Intelligence." He moved to Massachusetts in the fourth grade, and has covered local, state, and national politics for over 25 years. E-mail him at email@example.com. Follow him on Twitter @globeglen.