Metro Credit Union completes merger with Mass. State Employees Credit Union

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.”

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.