Two Southeastern Mass. Credit Unions Plan Merger
Massachusetts will see another credit union merger in the coming months as two institutions in the southeastern part of the state plan to combine.
Massachusetts will see another credit union merger in the coming months as two institutions in the southeastern part of the state plan to combine.
St. Jean’s Credit Union plans to make another acquisition, and two New Bedford-based credit unions also plan to merge.
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.
Credit union consolidation in Massachusetts continues with several mergers completed over the past month and another deal in the works.
Credit union consolidation continues in Massachusetts with two Southcoast credit unions planning to merge.
Another municipal credit union plans to merge into a larger institution, with Lynn Municipal Employee Credit Union looking to combine with Lynn-based St. Jean’s Credit Union.
Two credit unions on opposite ends of Eastern Massachusetts plan to merge, giving the state another $1 billion credit union.
Massachusetts will see more credit union mergers this year as smaller institutions continue to look to combine with larger credit unions.
Lynn-based St. Jean’s Credit Union has agreed to acquire Revere Municipal Employees Federal Credit Union, adding to a growing list of small credit unions in Massachusetts combining with a larger institution.
Stoughton-based Artmet Federal Credit Union completed its merger into Waltham-based RTN Federal Credit Union yesterday after members voted last month to approve the deal.
While bank mergers continue to alter Massachusetts’ banking landscape, the state’s credit unions have also been involved in deals this year, with some of the smallest institutions combining with some of the largest.