Metro Credit Union

CHELSEA, MA — September 30, 2025 — Metro Credit Union, the largest state-chartered credit union in Massachusetts, is proud to serve as construction lender in the launch of the Residences at East Milton, a landmark housing development and the first to receive public equity investment through the Healey-Driscoll Administration’s Momentum Fund. Kevin Malone, Eric Gilliland, and Sam White from Metro’s Commercial Lending team worked closely within a complicated equity structure, to provide the construction financing needed to fund the development.

This transformative initiative will deliver 92 mixed-income rental homes, including 23 affordable units, to East Milton Square. The project is poised to revitalize the area and set a new standard for inclusive, community-centered development.

“The Residences at East Milton development represents the future of housing in Massachusetts, where innovation meets equity,” said Robert Cashman, President & CEO of Metro Credit Union. “We’re proud to support a development that reflects our values and demonstrates the power of collaboration in building stronger, more resilient communities.”

The project is a collaborative effort between MassHousing, Joseph J. Corcoran Company, Falconi Properties, and other public and private partners. Metro Credit Union’s role underscores its commitment to community investment and financial innovation.

"The success of a pioneering project like the Residences at East Milton hinges on having committed and capable financing partners — Metro Credit Union stepped up as our construction lender with a deep understanding of the vision and the complexities involved,” said Sean McReynolds, President of Joseph J. Corcoran Company. “Their commitment to this project from the earliest stages gave us the confidence to move forward, ensuring we could break ground on schedule. Metro is a true partner, not just a lender, in bringing these much-needed homes to life."

As construction progresses toward a spring/summer 2027 completion, Metro Credit Union remains committed to supporting initiatives that drive meaningful change across the Commonwealth. Organizations seeking a values-driven financial partner for community development are encouraged to explore collaboration opportunities with Metro.

About Metro Credit Union

Metro Credit Union is the largest state-chartered credit union in Massachusetts, with $3.2 billion in assets. Metro provides a full range of financial products to close to 200,000 members in Barnstable, Bristol, Essex, Franklin, Hampden, Hampshire, Middlesex, Norfolk, Plymouth, Suffolk, and Worcester counties in Massachusetts, and Cheshire, Hillsborough, Merrimack, Rockingham, and Strafford counties in New Hampshire. Metro is the credit union of choice for employees at over 1,200 companies through its Metro@work program.

Founded in 1926, Metro currently operates branch offices in Boston, Burlington, Chelsea, Dorchester, Framingham, Lawrence, Lynn, Medford, Melrose, Newton, Peabody, Reading, Salem, Tewksbury, and West Roxbury. Metro is also a Juntos Avanzamos (“Together We Advance”) designated credit union, an honor given to financial institutions for their commitment to serving and empowering Hispanic and immigrant consumers. Metro was recently named among the most charitable companies in Massachusetts by the Boston Business Journal; voted Top Credit Union in Banker & Tradesman’s Best of 2024 awards; and recognized as one of America’s Best Regional Banks and Credit Unions in 2025 by Newsweek. Learn more at MetroCU.org.