Marriage Creates Another CU Giant
Members of Milestone FCU voted to merge with Hanscom FCU, in nearby Bedford, Mass., to create one of the Bay State's biggest credit unions, with $550 million in assets and 42,000 members.
The combined entity will operate 14 branches in Massachusetts and Virginia.
Milestone, with $90 million in assets, was sponsored by the Mitre Corp. and numerous select groups. Hanscom FCU was chartered to serve employees working at Hanscom Air Force Base and now serves hundreds of SEGs.
Milestone members will obtain expanded Internet and telephone service, and more investment options. Hanscom members will be able to apply for real estate loans in all 50 states. Previously they were limited to New England properties,