Credit score unions to merge
LAWRENCE — Members of Merrimack Valley Credit score Union and RTN Federal Credit score Union not too long ago voted in favor of merging the 2 monetary organizations. Members of each credit score unions voted overwhelmingly in favor of the transfer.
Based in 1955, MVCU is a state-chartered, nonprofit, member-owned monetary cooperative credit score union with greater than $1.3 billion in property and 11 branches that serve greater than 75,000 members in Massachusetts, New Hampshire and Rhode Island. RTN, based in 1945, has greater than $1 billion in property, greater than 40,000 members and 18 branches. RTN additionally serves greater than 1,100 employer teams, together with two main Massachusetts employers Raytheon Applied sciences, and Brigham and Girls’s Hospital.
“We’ve developed a robust and mutually respectful relationship with our new companions at RTN, and we’re lucky to share very comparable cultures and values,” stated John J. Howard, president and CEO of Merrimack Valley Credit score Union.
MVCU and RTN anticipate to formally turn into one credit score union in early June 2023, pending approval from the Massachusetts Division of Banks. The mixed group will initially proceed below the Merrimack Valley Credit score Union title.
Merrimack Valley Toastmasters
NORTH ANDOVER – The Merrimack Valley Toastmasters meet just about the second and fourth Thursday of the month. This group is designed to assist individuals develop public talking abilities and acquire confidence. The conferences are at 7 p.m. 7 p.m., through Zoom. For info electronic mail [email protected].