Press Release

Metro Credit Union Partners with Lawrence CommunityWorks

Credit Union participates in Second Chance IDA Program

Chelsea, MA – December 17, 2009 – Metro Credit Union President and CEO Robert M. Cashman is pleased to announce that Metro will be involved in a Second Chance IDA Program with Lawrence CommunityWorks. The Second Chance IDA Program works with community members who have lost their homes due to foreclosure. The program assists individuals who would like to reestablish themselves and work toward the goal of homeownership.

Metro will be providing financial literacy and guidance to the IDA Program Participants, and will also be overseeing the participants' depository transactions. The Second Chance IDA Program is a program which includes investments in an individual's Development Account, monthly classes, and credit counseling. In addition, participants are involved in intensive training on homeownership, general budgeting, financial planning, credit repair, and money and family dynamics.

"Metro is proud to be involved in this program; with the current economy, we recognize that many people are trying to get back on their feet. One of our main goals is to provide financial guidance to the members of the communities we serve, and this program will help those who have lost their homes to repair their credit and rebuild their financial stability. We look forward to continuing to be an active participant in programs such as this that benefit the community," said Cashman.  

About Metro Credit Union

Metro Credit Union is one of the largest credit unions in Massachusetts with over $770 million in assets, and serves over 120,000 members.  Established in 1926 and based in Chelsea, Metro offers superior service and a full range of financial products, including investment and insurance offerings, for consumers and businesses in eastern Massachusetts.  Metro has nine branch offices conveniently located in Burlington, Chelsea, Framingham, Lawrence, Lynn, Peabody, Swampscott, Tewksbury, and a tenth branch soon to open in Boston.  Metro is also a leader in workplace banking, serving over 1,800 companies throughout the state.