Chelmsford CU Sets Merger Vote For NextMonth

CHELMSFORD, Mass. - (03/31/05)–Tiny Chelmsford CU is asking itsmembers to approve a merger with $500-million Workers CU,Fitchburg, Mass., which is looking to put a branch in the town ofChelmsford. The $6-million CCU was chartered to serve employees ofthe City of Chelmsford but converted to a community charter in hopeof growing beyond its 1,000 members, but having done little tomarket itself to the greater community and seeing the much largerWCU’s plans to open a branch in town, Chelmsford CU’sboard and management determined a merger would make more sense.Members will have a chance to vote on whether they also think amerger makes more sense next month.