BURLINGTON, Mass. - (06/13/06) Members of Milestone FCU votedlast Thursday to merge the credit union into Hancom FCU, in nearbyBedford, Mass., to create one of the Bay States biggestcredit unions, with $550 million in assets and 42,000 members. Thecombined entity will operate 14 branches in Massachusetts andVirginia. Milestone, with $90 million in assets, was sponsored bythe Mitre Corp. and numerous select groups. Hanscom FCU waschartered to serve employes working at Hanscom Air Force Base andnow serves hundreds of SEGs. Milestone members will obtain expandedInternet and telephone service, including instant loan decisionswhen applying online, as well as new mortgage loan options, and theresources of an investment counselor offering more investmentoptions to members. Hanscom FCU members will be able to apply for amortgage or home equity loan in all 50 states; previously they werelimited to New England properties
Marriage Creates Another CUGiant
June 13, 2006, 1:00 a.m. EDT
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