Metro Credit Union Sees Continued Growth Via Merger With Gloucester Fire Department Credit Union
November 3, 2021
CHELSEA, MA, November 3, 2021 – Metro Credit Union, Massachusetts’ largest state-chartered credit union, today announced it has merged with the Gloucester Fire Department Credit Union, founded in Gloucester, Mass. in 1938. Metro Credit Union, which holds $2.4 billion in assets, will absorb GFDCU’s 99 members, some of whom are existing Metro members, and $720,000 worth of assets in savings and loan accounts. The new members will have access to an expanded line of products and services and Metro’s 14 branch locations.
“I’m thrilled to welcome members of the Gloucester Fire Department Credit Union to the Metro family,” said Robert Cashman, CEO and President of Metro Credit Union. “I encourage both existing members of GFDCU and others who are or were previously employed by the city of Gloucester to take advantage of the many opportunities Metro has to offer our members.”
When considering a merger, GFDCU turned to Metro due to its strong reputation, digital and technological advancement, and continued commitment to its 200,000 members. With continued growth in membership, staff, and branch locations, Metro Credit Union looks forward to bringing their growing lineup of products and services to members of the Gloucester Fire Department Credit Union.
For more information about Metro Credit Union, please visit metrocu.org or connect with us on LinkedIn.
About Metro Credit Union
Metro Credit Union is the largest state-chartered credit union in Massachusetts, with $2.4 billion in assets. Metro provides a full range of financial products to close to 200,000 members in Essex, Middlesex, Suffolk, Norfolk, Plymouth, Barnstable, Bristol and Worcester counties in Massachusetts, and Rockingham and Hillsborough counties in New Hampshire, as well as to employees of over 1,200 companies through its Metro@work program.
Founded in 1926, Metro currently operates 14 branch offices in Boston, Burlington, Chelsea, Framingham, Lawrence, Lynn, Melrose, Newton, Peabody, Salem, Tewksbury, and coming soon to West Roxbury and Reading. 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. Learn more at MetroCU.org and connect with us on LinkedIn.