BOSTON – State regulators yesterday said they have approved the expansion of University CU from employees of a dozen area colleges to include as many as 100,000 students at those schools.
The $43 million credit union was chartered to serve employees at Boston University. It recently expanded to serve employees at the nearby schools of Boston College, Tufts, Bentley, Berkeley College of Music, Fisher, Lesley, Suffolk, Newberry and several others.
Under the amended charter, it can serve students at colleges in the Boston-area counties of Suffolk, Norfolk, Middleses and Essex – but not alumni.
The inclusion of students follows similar trends at college credit unions across Boston’s Charles River at Harvard and MIT, which also expanded from employees to students in recent years.
