Merrimack Valley CU surpasses $600 million in assets

Merrimack Valley Credit Union of Lawrence, Mass., has marked another milestone, closing out the first quarter of 2017 with $600 million in assets.

MVCU said this new figure marked a growth of 3.11 percent since the end of 2016.

In the last year, MVCU has added a new branch in Seabrook, N.H., while making improvements in its the mobile app and online banking platforms, and redesigning its website.

“We are able to continue increasing our asset size thanks to our loyal members and the new members who continue to join us every day,” President and CEO Peter Matthews said in a statement. “Everyone at MVCU remains committed to providing superior customer service, and providing the products and services that best meet the needs of our members.”

Peter Matthews, president & CEO of Merrimack Valley CU

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