Somerville-based Naveo Credit Union said it collected “nearly 100” books for children as part of an annual statewide book drive organized by the Cooperative Credit Union Association to benefit homeless children. See who else gave back.
Two financial institutions are in the process of setting up shop in Plymouth.
BankGloucester gave away $30,000 to 19 local organizations based on over 10,000 votes from area residents as part of its annual Banking the Community event. See who else gave back.
Bridgewater Credit Union, a division of Merrimack Valley Credit Union, opened its new branch in Hanover on Sept. 9.
Two of Massachusetts’ $1 billion-asset credit unions plan to merge, creating one of the state’s largest credit unions with a footprint spanning Eastern Massachusetts and out to Worcester.
Massachusetts has fewer credit unions compared to last year, with more than a dozen institutions completing or planning mergers in 2019 under pressure from many of the same forces plaguing banks.
Nearly eight months after first applying, the merger between Merrimack Valley Credit Union and Bridgewater Credit Union has finally passed. The deal will still require regulatory approvals and is not expected to be complete until early 2019.
With its state charter now approved, Merrimack Valley Credit Union is pursuing its merger with Bridgewater Credit Union for the second time this year.
It’s not often that the effects of a federal court decision can be immediately seen at the local level.
A proposed merger that would have created one of the top 10 largest credit unions in the state appears to have fallen apart.
Merrimack Valley Credit Union is planning to absorb Bridgewater Credit Union in a proposed merger that will make the new entity one of the top 10 largest credit unions in the state by total assets.
With a thick beard and love of the outdoors, John Himmel, vice president of consumer lending and collections at Bridgewater Credit Union, knows he doesn’t fit the stereotypical mold of a financial industry employee.
