
Two More Credit Union Mergers Planned
St. Jean’s Credit Union plans to make another acquisition, and two New Bedford-based credit unions also plan to merge.
St. Jean’s Credit Union plans to make another acquisition, and two New Bedford-based credit unions also plan 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.
April is a historic month for Massachusetts credit unions. Not only were they legalized April 15, 1909, the first such institution in the U.S. was established just days before in New Hampshire.
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.