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.
The membership of Merrimack Valley Credit Union has approved the institution’s proposal to convert from a federal to state charter.
It’s not often that the effects of a federal court decision can be immediately seen at the local level.
Merrimack Valley Credit Union has proposed to change its charter.
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.
