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Metro CU Finalizes Malden City Employees CU Merger

Nov 3, 2015 | Reprints | Unlock Link

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Metro Credit Union in Boston this week completed its acquisition of the Malden City Employees Credit Union.

“We welcome the Malden City Employees Credit Union members to Metro Credit Union,” Robert M. Cashman, president and CEO of Metro Credit Union, said in a statement. “Metro looks forward to offering our newest members an expanded suite of financial products and services while making a positive impact on their lives through financial guidance and our exceptional service.”

The Malden City Employees Credit Union had around $1.4 million in assets, 1,500 members and one branch located inside a municipal building. Metro Credit Union has $1.45 billion in assets, 180,000 members and 15 branches across Central and Eastern Massachusetts, the closest of which to Malden is located on Main Street in Melrose. Metro retained the employees of the Malden City Employees Credit Union.

Banking & Lending