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Press Release


Chelsea, MA (September 12, 2013) -- On Monday, September 9, 2013, a group of 26 executives from Brazilian credit union co-op Sistema de Cooperativas de Crédito do Brasil (SICOOB) paid a visit to Metro Credit Union's Chelsea, Mass., headquarters to explore what has driven sustained growth across every aspect of Metro CU over the last several years.  The group of bankers was especially interested in understanding how Metro CU has managed to not only maintain, but also strengthen its roots in the community through a prolonged period of growth and expansion.

“In Brazil, credit unions have been focused on the 'business' aspect of the business for a long time, which has helped us grow," said Francisco Silvio Reposse Junior, Executive Director of SICOOB Espiritu Santo.  "However, it is now time that we focus on educating and serving the youth and improving the communities that we live in.  Metro Credit Union is a great example of how a credit union can balance business and a social mission at the same time.”

The delegation was comprised primarily of credit union leaders representing seven individual credit unions and a few executives from the central office of SICOOB for the state of Espiritu Santo. The visit, an exploration of best practices at U.S. and Canadian credit unions, was part of a "learning tour" organized by the World Council of Credit Unions.  

"All of us here at Metro Credit Union are honored to be selected by SICOOB and the World Council of Credit Unions, and happy to share what we can about our growth and success, which is simply rooted in our commitment to our members and the communities in which they live," noted Robert Cashman, president and CEO of Metro Credit Union.

About Metro Credit Union
Metro Credit Union is the largest state-chartered credit union in Massachusetts with over $1.2 billion in assets, and serves more than 150,000 members. It is a growing, federally insured financial institution and a leading provider of a full range of financial services to anyone living or working in Essex, Middlesex, Suffolk, Norfolk, Plymouth, Barnstable or Worcester counties in Eastern Massachusetts, as well as Massachusetts state employees and retirees throughout the Commonwealth.

Founded in 1926, Metro CU is a non-profit cooperative institution, owned by and operated for the people who use and benefit from its products and services. Metro CU uses superior customer service and technology to deliver a full range of financial products to consumers and businesses in eastern Massachusetts. Metro CU is well known for providing members with unlimited refunds of other banks’ ATM fees through its My Reward Checking account.

Metro CU has 14 branch offices conveniently located in Boston, Burlington, Chelsea, Framingham, Lawrence, Lynn, Melrose, Peabody, Salem, and Tewksbury, and is also a leader in workplace banking, serving over 1,800 companies throughout the state.