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HANSCOM AFB, Mass. – In one of the state’s biggest mergers in years, the $461 million Hanscom FCU is merging with the $90 million Milestone FCU of Burlington creating the ninth largest credit union in Massachusetts.

Management of Milestone, a former single sponsor CU with branches in Massachusetts and Virginia, said a merger with a larger partner had been sought since last October based on a view that medium size CUs require more financial strength to compete in today’s market. The two CUs, with a combined membership of 42,000 and 14 branches, will be united under the Hanscom FCU charter on June 30 following certification of the members’ vote by NCUA.

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