John Reed began his banking career with a commercial bank operating in Maine. Since 1990 he has been the President and CEO of Maine Savings Federal Credit Union, the fastest growing credit union in the state of Maine. In that role, Reed has substantially expanded the branch system of the credit union as well as engineered the growth of their mortgage operations to that of being the leading mortgage lender in the state. Reed has created a number of new business entities which serve as subsidiaries of Maine Savings.
He was one of the founders of CUSO Home Lending, a full service mortgage company servicing approximately fifty credit unions in Maine. Over the last twenty years CUSO has grown into one of the largest producers of home loans in Maine. Reed also holds the position of President/CEO of CUSO. Additionally, Reed has spearheaded the establishment of a full service insurance agency, a financial services operation, and a full service commercial lending company, Business Lending Solutions (BLS). BLS is now a competitive commercial lending force in Maine.
Reed is currently a member of the ACUMA Board of Directors. John Reed earned his BA in Political Science and his MBA from the University of Maine.