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Medford and Everett Credit Unions Plan Merger

By Bram Berkowitz | Banker & Tradesman Staff | Sep 12, 2018 | Reprints | Print

Two credit unions North of Boston are planning to join forces.

Medford-based MembersPlus Credit Union recently announced that is planning to merge with and absorb Everett Credit Union.

“We’re stronger together,” MembersPlus President and CEO John Murphy said in a statement. “With combined resources, we can offer a greater selection of products and services while still providing exceptional member service that both memberships have come to rely on from people they know and trust.”

MembersPlus Credit Union has over $250 million in assets, more than 10,000 members and five branches in Medford, Dorchester, Norwood and Plymouth. Everett Credit Union has close to $50 million in assets, more than 4,000 members and one branch in Everett.

B&T Daily