Metro Hosts Dr. Panu Kalmi, Professor of Economics

CHELSEA, Mass. (January 7, 2015) – Robert Cashman, CEO of Metro Credit Union, hosted Dr. Panu Kalmi, a Professor of Economics at University of Vaasa (Finland) at the Metro Home Office on January 6, 2015. Dr. Kalmi, while attending an economics conference in Boston, wanted to meet with Credit Unions that have demonstrated successful programs with regard to financial education.
Kalmi’s research interests include alternative ownership structures in banking, financial literacy and personal economics. Robert Cashman, Charlene Bauer, SVP of Business Development and Community Relations, and Dr. Kalmi discussed Metro’s initiatives including Metro’s High School branches, Reality Fairs, and collaborative efforts with schools and community organizations to deliver financial education to a broader audience, and its collaboration specialized programs such as CONNECT and FUEL.
Metro holds financial literacy seminars throughout the year on topics from Home Buying and Understanding Your Credit Score, to Llife Insurance and Investments. Metro is committed to providing financial education in schools, including Chelsea and Peabody High School that both have Metro Credit Union student- run branches. In addition, community initiatives that serve the public and guide individuals towards achieving financial goals are continually supported by Metro.
Dr. Kalmi holds a PhD in economics from the Copenhagen Business School. He is a former president of the Finnish Economic Association. Previously he has been acting professor and research fellow at the Aalto School of Economics. He has been a visiting fellow at Cornell University and the University of Victoria (BC). He also co-authored the Filene Report, Only Up: Regulatory Burden and Its Effects on Credit Unions.
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.