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Windsor Locks EIDC unanimously approves microloan application from Riverbank Federal Credit Union
Summary
At its March 5 meeting, the Town of Windsor Locks Economic and Industrial Development Commission unanimously concurred with approval of a microloan application presented by Charla Stetson of Riverbank Federal Credit Union after a brief executive session; the application amount was not specified in the public record.
The Town of Windsor Locks Economic and Industrial Development Commission unanimously approved a microloan application presented by Charla Stetson of Riverbank Federal Credit Union at its March 5, 2026 meeting at Town Hall.
The application was presented during the commission's action-item period and reviewed in executive session because it contained sensitive information; the transcript records that the microloan amount and borrower details were not specified in the public record. Charla Stetson was listed as the applicant's presenter on behalf of Riverbank Federal Credit Union.
Commission member Neal Cunningham moved to concur with approval of the microloan application; Shane O'Connor seconded. The motion carried with a unanimous vote of commissioners present: Chairman Doug Glazier; Barbara Palmer; Francis Morena-D'Elia; Shane O'Connor; Neal Cunningham; and Bob Crochetiere. Earlier in the item, Francis Morena-D'Elia moved to enter executive session (seconded by Barbara Palmer) and Bob Crochetiere later moved to exit executive session (seconded by Neal Cunningham); both procedural motions passed unanimously.
No dollar amount, borrower name beyond the presenting institution, or other financial terms are recorded in the public transcript. The meeting adjourned at 7:09 PM.
