WORCESTER, Mass.-Webster FCU, fresh off two Boston-area mergers, announced last week a deal for Filene FCU, one of the oldest credit unions in Boston and which serves employees of the famous retail chain once run by credit union pioneer Edward Filene. The $20-million credit union has a single branch at Boston's downtown Tremont St. The $640-million credit union has made major inroads into the greater Boston market over the past year with acquisitions of Saugus FCU and Fitchburg FCU.
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Filene FCU was organized by Edward Filene's brother William Filene in 1921 as part of an employee benefits package.
