The Boston skyline
The City of Boston Credit Union announced plans to acquire two small federal credit unions in the area in January, increasing its assets by 12% and its members by 16%.
Members of the City of Boston Credit Union ($395 million in assets, 26,237 members) on Tuesday approved the mergers involving Boston-based Northeastern University Federal Credit Union ($22.7 million in assets, 2,180 members) and Chadwick Federal Credit Union ($22.9 million in assets, 2,032 members) based in Norwood, Mass., about 16 miles southwest of Boston.
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