Metro Credit Union Surpasses $1 Billion Loan Mark

Milestone Coincides with Becoming the Commonwealth's Largest State-Chartered  Credit Union

Chelsea, MA – August 7, 2013 – Metro Credit Union,  the Commonwealth’s largest state-chartered credit union, announced its loan and  mortgage portfolio has surpassed $1 billion in total assets. This major  milestone was reached through successful execution of the credit union’s lending  strategy and the upgrade of servicing operations, both of which are keenly  focused on attracting and retaining new members looking for the right fit  lending partner.

“Lending is a key element of our vision of becoming  the primary financial institution for anyone looking for a better way to bank.”  said Robert M. Cashman, president and CEO of Metro Credit Union. “This milestone  proves our members place their trust in us, as we do them, and we look forward  to meeting their needs for many years to come.”

As a result, over the past 18 months, Metro CU has  enjoyed more than 38 percent growth in loan portfolio balances across mortgages,  home equity, business, auto, personal and student loans. As a non-profit, the  returns earned on Metro CU’s lending are then directed back to members in the  form of lower fees, and used to support community initiatives such as  investments in public education, charitable giving and other forms of community  investment.

“We tasked the lending teams with creating a lending  operation that attracted both consumers and businesses alike.” Added Thomas W.  Nadeau, SVP of Lending and COO, “By offering competitive rates under reasonable  terms and through a highly personalized process, we’ve quickly achieved the  goals and objectives we set into motion.”

Another reason for Metro CU’s loan growth is  business lending, which is up more than 45 percent over the same period. With  double-digit, year-over-year growth, this is steadily becoming a key element of  the credit union’s lending portfolio.

“We are proud to be part of what enables local  business investment as well as home ownership in the communities we serve,” said  Cashman. “Metro Credit Union has been making affordable loans in our own  backyard for the past 87 years. We plan to continue our efforts to support the  Massachusetts economy by investing in our members for the next  87.”

About Metro Credit Union

Metro Credit Union is  one of the largest credit unions in Massachusetts with over $1 billion in  assets, and serves more than 160,000 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.