Metro Credit Union Completes Merger with Newton Municipal Credit Union

CHELSEA, Mass. (March 3, 2014) - Metro Credit Union, Massachusetts’ largest state-chartered credit union, today announced it has completed its merger with the Newton Municipal Credit Union, switched all members over to Metro Credit Union’s modern banking platform, and converted the City Hall branch.

“We are pleased to welcome the Newton Municipal Credit Union members to Metro Credit Union and to become a part of the Newton community,” stated Robert M. Cashman, President and CEO of Metro Credit Union. “As one of the largest credit unions in Massachusetts, Metro is known for the superior service and financial expertise we provide to our members. Our commitment is to create tangible economic value for our members, and we are looking forward to the opportunity to serve the members of Newton Municipal Credit Union.”

Effective immediately, converted members will begin to enjoy the benefits of such products as Metro Credit Union’s My Reward Checking account, which last year gave back over $1.4 million in purchase rewards and rebates on the high ATM fees charged by other banks. Metro Credit Union’s newest members are also welcome to bank at any of the credit union’s 15 branches conveniently located across Central and Eastern Massachusetts.

“Our newest members will quickly discover the secret our existing members have known for years: that Metro Credit Union’s products, services and rates are highly competitive 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.”

Metro Credit Union will continue to serve Newton Municipal Credit Union members, employees and retirees at the City Hall branch located at 1000 Commonwealth Avenue in Newton. This location marks the 15th branch for Metro Credit Union. Hours of operation for the Newton branch will be as follows:

Monday - Friday: 8:30 AM - 3:00 PM

Newton Municipal employees or retirees wishing to open an account or learn more should stop by the branch, call 877-MY-METRO or visit www.metrocu.org.

About Metro Credit Union

Metro Credit Union is the largest state-chartered credit union in Massachusetts with over $1.3 billion in assets, and serves more than 170,000 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 Credit Union is a non-profit cooperative institution, owned by and operated for the people who use and benefit from its products and services. Metro uses superior customer service and technology to deliver a full range of financial products to consumers and businesses in eastern Massachusetts. Metro is well known for providing members with unlimited refunds of other banks’ ATM fees through its My Reward Checking account

Metro Credit Union has 15 branch offices conveniently located in Boston, Burlington, Chelsea, Framingham, Lawrence, Lynn, Melrose, Newton, Peabody, Salem, and Tewksbury, and is also a leader in workplace banking, serving over 1,800 companies throughout the state.