For the first time since its founding more than a century ago, the City of Boston Credit Union surpassed $500 million in assets, propelling itself into a new tier of institutions and further expanding its ability to better serve its members.

Amidst unprecedented economic uncertainties in Massachusetts and across the nation, City of Boston Credit Union membership continues to grow, providing the capital and resources required for long-term success – both for the credit union and its members who share in its ownership.

“Surpassing $500 million in assets means that our current membership continues to realize that we are a strong, safe financial institution,” board chairman Timothy J. Smyth said in a statement. “We’re very proud to achieve this new status as a half-billion-dollar institution, and are grateful to our dedicated colleagues, board of directors, and most importantly our members, who continue to share in our growth.”

The City of Boston Credit Union acquired Northeastern University Federal Credit Union and Chadwick Federal Credit Union last year.