Expanding its SEG reach, the $780 million Metro Credit Union of Chelsea, Mass. is planning a merger with the $58 million University CU of Boston.
The proposed consolidation of University CU with 8,000 members would give Metro two new branches in the South and Back Bay areas of Boston and provide access to Boston University students as well as collegians at Tufts, Berkeley College of Music and others in metro Boston.
"This is a strategically important and fantastic move for us since we are also in the process of opening our own new 14,000-square-foot building in Boston in addition to the two University branches, one of which is being relocated," said Robert Cashman, president/CEO noting also the branch openings are scheduled for May.
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