X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The $43 million Members Advantage Community CU of Barre, Vt., and the $11 million Caswell CU, Burlington, Vt., are merging to form the sixth largest credit union in the state.Members of both CUs approved the merger at meetings early last month; the transaction already received clearance of regulators.MACCU with 8,200 members has two branches in White River Junction and Barre, while Caswell with 2,700 members has one office.“Because both credit unions share fields of membership based in the education industry and operate on the same core data processing system, the transition period is expected to be relatively seamless,” according to a MACCU statement.Caswell Manager Kathleen Cote said the merger would permit the CU to offer a broader range of products. “Because of our small size, we’ve been unable to offer home equity, money market accounts, and longer term share certificates,” she said.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Peter Westerman

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.