Two small credit unions in Massachusetts merged with largercredit unions earlier this month.

The $1.6 million Williams College Employees Federal Credit Unionin Williamstown merged with the $1.3 billion Greylock Federal Credit Union in Pittsfield, and the $9.7million Worcester Postal Credit Union in Worcester merged with the$57 million AllCom Credit Union, also in Worcester.

Both mergers took effect April 1.

Founded in 1980 to provide financial services for employees atWilliams College, the 561-member credit union had been strugglingfinancially, reporting loan and investment income losses over thelast few years, according to NCUA financial performancereports.

“The Williams College Employees Federal Credit Union has servedthe financial needs of our employees for 33 years,” said WCEFCUBoard Chairman Peter LePage. “In the current financial environment,it's been challenging to achieve the financial position and growthneeded to provide the products and services our members want andneed. The decision to merge is in the best interest of ourmembers.”

Likewise, the 1,820-member Worcester Postal Credit Union alsohas seen steady declines in its loan and investment income,according to NCUA financial performance reports.

Nevertheless, AllCom said the addition of Worcester Postal CU'smembers would strengthen its competitive position in centralMassachusetts. As a result of the merger, AllCom's membership willincrease from 3,898 to 5,718 with combined assets of more than $67million.

“We look forward to offering them (Worcester Postal members)greater financial options and continuing Worcester Postal'slong-standing tradition of member service,” said Deb Guiney,CEO/president of AllCom CU.

Worcester Postal CU was founded in 1924 to serve postal workersand their families.