A map of Massachusetts
St. Mary’s Credit Union in Marlborough, Mass., and MetroWest Community Federal Credit Union in Framingham, Mass., have announced plans to merge, pending regulatory and member approval, in a move that will unite two of MetroWest’s top-ranked credit unions.
The combined institution will operate under the St. Mary’s Credit Union name and retain its charter, with total assets of $1.152 billion, serving more than 62,850 members through eight branch locations, an expanded ATM network and enhanced digital banking tools.
“This year, St. Mary’s Credit Union and MetroWest Community Federal Credit Union were named the number 1 and 2 credit unions in MetroWest. Together we will be able to serve our members even better,” Jim Petkewich, interim president of St. Mary’s Credit Union, said. He emphasized that the partnership will bring more robust products, expanded access and continued personalized service.
MetroWest Board Chairman Michael Forman noted the challenges facing smaller institutions, saying, “It is getting increasingly difficult for smaller credit unions to remain independent. We found the perfect partner in St. Mary’s Credit Union.”
The merger aims to provide members with greater branch and ATM access, broader service offerings and increased operational efficiencies while keeping familiar staff in place. St. Mary’s Board Chairman Jerry Richer highlighted the opportunity to “increase capacity to offer financial education, member outreach and innovative services tailored to meet the evolving needs of our members.”
If approved, the merger is expected to be completed by early 2026, with updates provided on each credit union’s website.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.