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Press Release

Metro Credit Union Sponsors Transitional Employment Program

Credit Union Partners with Roca, Inc and Chelsea Neighborhood Developers


Chelsea, MA – November 17, 2009 – Robert M. Cashman, President and CEO is pleased to announce that Metro has partnered with Roca, Inc. and Chelsea Neighborhood Developers to sponsor the Individual Development Accounts for the Transitional Employment Program.

The Transitional Employment Program helps high-risk young people learn the vital skills needed to enter the job market. Through this program, students complete financial literacy courses and learn how to save a portion of their paycheck through an Individual Development Account (IDA). The money that is saved in their IDA during the program will be matched by Metro. Upon completion of the program, participants will use their savings for permanent employment related to expenses such as tools, uniforms, transportation, and other necessities that will enable them to successfully join the work force.

"Metro is proud to offer its assistance to this successful employment program offered through Roca, Inc and to support the financial literacy program provided by Chelsea Neighborhood Developers. This is a wonderful initiative that provides vital skills to the high-risk youth in our communities," said Robert M. Cashman, President and CEO of Metro.

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.