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Basil Chadbourne, right, chairman of the board for Rainbow Federal Credit Union, recognized and presented Phil Moreau, CEO of the credit union, with a token of appreciation for his 40 years of service. When Moreau first started his career in 1972, it was with Bates Federal Credit Union. At that time two savings products were offered, some consumer loans, and they did not cash any checks. The membership was limited to the employees of Bates Fabrics and their immediate families. He has seen a lot of changes throughout his career as well as participating in mergers with other credit unions that now make up Rainbow Federal Credit Union. Today, a wide range of products and services are offered, the staff has grown to more than 50 employees and the credit union has four branches to serve their membership. Moreau sits on the board of directors with the Maine Credit Union League and Synergent, he also sits on the budget committee for the town of Greene and Androscoggin County. In his spare time, he enjoys reading and traveling. He lives in Greene with his wife and their children. He is looking forward to retirement within the next few years and hopes to be able to travel to a warmer climate and sit by a pool and add to his reading collection.
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