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.
It’s not often that the effects of a federal court decision can be immediately seen at the local level.
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.
With a thick beard and love of the outdoors, John Himmel, vice president of consumer lending and collections at Bridgewater Credit Union, knows he doesn’t fit the stereotypical mold of a financial industry employee.