Expanding its SEG reach, the $780 million Metro Credit Union of Chelsea, Mass. is planning a merger with the $58 million University CU of Boston.
The $780 million Metro Credit Union of Chelsea, Mass., embarking on a planned merger that was announced this week of the $58 million University CU of Boston, said it is marking a new expansion chapter in SEG growth.
With the addition of four new partners, business lending CUSO Northeast CUSO said it boosted its revenue by 19% and doubled its net earnings last year.
Whether they call the pristine greenery of the Pacific Northwest or the rolling hills of New England home, many credit unions share a common approach when it comes to business lending:
The economy may be struggling, but the summer series of big credit union conferences upcoming in Las Vegas and Chicago seems to be wooing good crowds even though many participants are on tight travel budgets.
In a departure from the routine, New England credit union executives will get a bank regulator's perspective on conditions facing financial institutions next Friday.