CU Mergers: Bostons Metro CU Goes To College
BOSTON – NCUA has approved the merger of Metro CU with smaller University FCU, giving the $800 million credit union access to a dozen Boston-area colleges, NCUA reported yesterday.
The $60 million University FCU is headquartered at Boston University and serves 100,000 students and employees at Boston University, Tufts, Bentley, Berkeley College of Music, Fisher, Lesley, Suffolk, Newberry, and several other schools. Metro CU is based in the working class Boston neighborhood of Chelsea.
NCUA said it also approved the mergers of: $640 million Georgia United FCU, Duluth, Ga., with $205 million State Employees CU in Atlanta; $455 million Neighbors FCU in Baton Rouge, La., with $4 million GEA FCU in Geismar, La.; $110 million Wave FCU in Warwick, R.I.; with $3 million Cottrell FCU in Waverly, R.I.; and, $90 million Woodlands FCU in Berlin, N.H., with $18 million Upper Valley Community FCU in Lebanon, N.H.