Metro Credit Union recently cut the ribbon on a brand new branch in Newton.

The branch at 334 Watertown St. in the village of Nonantum is Metro’s 15th location.

"Metro’s decision to open here has been many years in the making. We have thousands of members in the city and in neighboring communities and have always felt that our expansion here was inevitable. It’s great to finally make it happen," President and CEO Robert M. Cashman said in a statement. "We are proud to be in Newton and look forward to expanding our efforts through community outreach, increased financial literacy and becoming a true partner in the neighborhood."

In a statement, Metro said that Nonantum is in the early stages of revitalization and that the credit union is eager to participate in the revitalization process.

The branch officially opened for business on Monday, and credit union officials cut the ribbon on Wednesday.