HAVERHILL, Mass. — The $97 million Northeast Community Credit Union is awaiting its members verdict on its proposed merger with Haverhill Bank.
The NCUA mandated an abbreviated charter change process for the merger of the state-chartered credit union with the state-chartered mutual bank that is using a procedure provided under Massachusetts' Division of Banking regulations.
“Ballots have gone out, and now we are just waiting for the final date,” explained Northeast Community CEO Peter Di Benedetto. The special meeting to discuss the merger proposal and take final votes is scheduled for Oct. 20.
Di Benedetto said the current news about the financial markets had not appeared to touch upon the merger debate at Haverhill but that he had members come in to inquire about both the credit union's federal insurance and private deposit insurance.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
