Metro Credit Union of Chelsea, Mass., has announced plans to merge with Members Plus Credit Union of Medford, Mass., in a move aimed at expanding its geographic footprint and strengthening its position in a consolidating financial services landscape.
Under the proposed agreement, Metro Credit Union would serve as the continuing institution, absorbing Members Plus and extending its branch network into Norfolk County. The combined organization would operate 25 retail locations, serve approximately 214,000 members and manage more than $3.5 billion in assets.
The merger remains subject to approval by regulators and members of both credit unions, with an anticipated completion date by the end of 2026.
Metro Credit Union, which reported $3.3 billion in assets and 213,000 members, earned $11.8 million in 2025, up from $8.1 million the year before. Members Plus, a smaller institution with $341 million in assets and 13,658 members, would bring an established local presence that Metro executives say aligns with their community-focused approach.
“This is a partnership grounded in shared purpose and a belief that credit unions exist to help people and communities thrive,” said Robert Cashman, President and CEO of Metro Credit Union. “Members Plus Credit Union has built a strong legacy of trust and service. By coming together, we are strengthening our collective ability to deliver value, expand access, and meet our members’ evolving financial needs.”
The transaction reflects broader trends across the credit union industry, where institutions are increasingly pursuing mergers to achieve scale, invest in technology and maintain competitiveness against larger banks and financial technology firms.
Story continued below…
This position is for administrative support and secretarial work for the Operations Manager at the home office in Tampa, FL. We are looking for somone more entry level and trainable. Employee performs a wide variety of secretarial tasks requiring initiative, independent...
...Hours) Salary: $18 per hour Location: Onsite, Iris Galerie Universal Studio City Walk, 100 Universal City Plaza California, United... ...Opportunity to grow within an international brand Creative and dynamic work environment Start Date: ASAP Application...
About Us: Cherished Companions Home Care is a reputable caregiving agency dedicated to enhancing the quality of life for elderly individuals. We are currently seeking a compassionate and skilled Live-In Caregiver to provide exceptional care and support to one of our valued...
...solve situations that may be outside standard procedures Become a knowledge expertShifts: This position is specifically for graveyard shift. RequirementsAmerican Logistics is proud to employ a diverse workforce. The experience and skills needed are: ...
...Innovate Tooling? Join Regal Rexnord as an Advanced Tooling Specialist at our Twinsburg, Ohio location. Engage with cutting-edge... ...Opportunity Statement Regal Rexnord embraces diversity and inclusion and welcomes professionals from all backgrounds. If you require...