First Responders CU Hits $470M with Lynn Acquisition
Boston-based First Responders Credit Union announced that it has acquired Lynn Firemen’s Federal Credit Union.
St. Mary’s CU, MetroWest FCU Complete Merger
St.Mary’s Credit Union and MetroWest Community Federal Credit Union have officially combined to create a $1.15 billion credit union.
Greylock FCU-Franklin First Merger Gets Green Light
Franklin First Federal Credit Union has received approval from its members to merge with Greylock Federal Credit Union.
Metro Credit Union Merging With Members Plus Credit Union
Chelsea-based Metro Credit Union has announced plans to absorb Medford-based Members Plus Credit Union.
Two Credit Union Deals Reach Finish Line
Two credit union deals reached the finish line as Hanscom Federal Credit Union acquired Maryland-based The Peoples Bank, and BrightBridge Credit Union completed its merger with Arrha Credit Union.
Greylock FCU Agrees to Merger With Franklin First Federal Credit Union
Greylock Federal Credit Union plans to absorb Franklin First Federal Credit Union, bringing the Pittsfield-based lender up to almost $2 billion in assets.
Members Approve BrightBridge Credit Union and Arrha Credit Union Merger
The members of BrightBridge Credit Union and Arrha Credit Union voted in favor of merging following separate member votes at each credit union’s corporate headquarters.
Community Credit Union to Merge into Rockland Federal CU
Rockland Federal Credit Union has entered an agreement to absorb Community Credit Union of Lynn, creating a $3.6 billion-asset lender with 200,000 members.
St. Mary’s Credit Union Merging with MetroWest Community Federal Credit Union
Marlborough-based St. Mary’s Credit Union and Framingham-based MetroWest Community Federal Credit Union plan to join up.
Arrha Credit Union to Merge With BrightBridge Credit Union
It comes nearly a year after Springfield-based Arrha Credit Union controversially tried, then failed to sell itself to Pittsfield Cooperative Bank.
Beacon Hill Could Allow Credit Unions to Absorb Mutual Banks
A bill that would allow for Massachusetts credit unions to take over mutual banks passed its first hurdle yesterday: Getting a committee hearing.
Merrimack Valley Credit Union and Cabot Boston Credit Union Merger Approved
The members of Merrimack Valley Credit Union and Cabot Boston Credit Union have voted in favor of merging the two financial organizations.
The $28B Merger That’s Not About Scale
Once DCU and California-based First Tech Credit Union join up, the combined entity will be one of the five or six biggest credit unions in the nation. But to its future president and CEO, Shruti Miyashiro, this deal wasn’t about chasing size.
DCU to Merge with Bay Area Credit Union
The new entity will emerge as a $28.7 billion credit union serving nearly two million members with more than 50 branches in eight states.
Pittsfield-Arrha Merger Elicits Mixed Feelings from Industry Leaders
Springfield’s Arrha Credit Union will be merging into Pittsfield Cooperative Bank, with a prominent credit union leader expressing “disappointment.”
Arrha Credit Union, Pittsfield Cooperative Bank to Merge
Springfield-based Arrha Credit Union and Pittsfield Cooperative Bank are seeking to merge, the first example of this controversial deal type in Massachusetts in recent years.
Finalized Merger Makes New Top-Five CU in Mass.
After finalizing its merger with Waltham-based RTN Federal Credit Union on Thursday, Merrimack Valley Credit Union is now one of the state’s five largest credit unions.
Mergers, Consolidation Highlight Banking’s 2022
While the Massachusetts banking and lending industries had entered 2022 expecting to feel effects from inflation and potentially higher interest rates, the rapid changes to economic conditions came without warning.
More Small Credit Unions Look to Merge
Massachusetts has at least six planned or recently completed credit union mergers this year, with some of the state’s smallest institutions continuing to seek out combinations.
A Champion for Small Credit Unions
As president and CEO of a credit union with one branch and $49 million in assets and board chair of the CCUA, Ron Draper wants to see small credit unions survive.
