BOSTON The Massachusetts Division of Banking on Tuesday said it has approved an application from Brockton’s Crescent CU, a one-time leather workers’ credit union, to expand into metro Boston and into Rhode Island, as well.
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The state regulator did trim the $430-million credit union’s request to serve Rhode Islanders, cutting back a bid to serve Kent, Washington and Providence counties to include only Providence County.
The new charter will allow the 94-year-old credit union one of the oldest in the nation to serve anyone living in Boston’s Suffolk County, as well as Barnstable, Bristol, Dukes, Nantucket, Norfolk and Plymouth counties.
