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Press Release


METRO CU COMPLETES MERGER WITH MASS STATE EMPLOYEES CREDIT UNION

Welcomes MSECU Members, State Employees & Retirees

CHELSEA, Mass. (September 11, 2012) – Metro Credit Union, which is poised to become the Commonwealth’s largest state-chartered credit union, today announced it has completed its merger with the Massachusetts State Employees Credit Union, switched all members over to Metro CU’s modern banking platform, and converted the City Hall Plaza branch.

“Metro Credit Union is pleased to now be the credit union of choice for Massachusetts’ 100,000-plus state employees and retirees,” said Robert Cashman, Metro CU’s president and chief executive officer.  “To welcome our new members, we are immediately upgrading their banking program with a series of product enhancements.”

Effective immediately, converted customers will begin to enjoy the benefits of Metro CU’s My Reward Checking account, which last year gave back $680,000 in purchase rewards and rebates on the high ATM fees charged by other banks to its members.  Metro CU’s newest members are also welcome to bank at any of the credit union’s 14 branches conveniently located across Central and Eastern Massachusetts.

“Our newest members will quickly discover the secret our existing customers have known for years: that Metro Credit Union’s products and services are as good as any banking institution anywhere, and better than most,” added Cashman.  “We are a locally run institution, owned by the members we work hard for every day, and who will always be our first priority.”

Any Massachusetts state employee or retiree wishing to open an account or learn more should call 877-MY-METRO or visit www.metrocu.org.

About Metro Credit Union

Metro Credit Union is one of the largest credit unions in Massachusetts with over $1 billion in assets, and 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 and headquartered in Chelsea, Massachusetts, Metro CU is a non-profit cooperative financial 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, including investment and insurance offerings for consumers and businesses in eastern Massachusetts.  Metro CU is well known for providing members with unlimited refunds of other banks’ ATM fees through their 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.