Merger Update
FOR IMMEDIATE RELEASE
Media Contact:
Kyle Montemagno
617-780-8210
St. Mary’s Credit Union and MetroWest Community Federal Credit Union Receive Regulatory Consent to Merger
Merger will combine approximately $1.15 billion in assets serving more than 60,000 members in the MetroWest
Marlborough, MA - June 15, 2026 - St. Mary’s Credit Union (SMCU) and MetroWest Community Federal Credit Union have received regulatory consent and SMCU member-approval for their proposed union during a vote held on Monday, June 15, 2026. That vote was preceded by MetroWest Community Federal Credit Union members voting in favor of the merger 12 days prior on June 3, 2026.
The merger, which is expected to become official on Wednesday, July 1, 2026, will result in approximately $1.15 billion in assets under management of SMCU, serving more than 60,000 members in MetroWest Massachusetts. Once completed, the merger will also result in eight branch locations across Framingham, Hudson, Marlborough, Northborough, and Westborough, in addition to the Corporate Office & Loan Center in Marlborough.
The combined organization will operate under the St. Mary’s Credit Union name and retain the St. Mary’s Credit Union charter. With the merger, members will receive access to a broader ATM network, enhanced digital banking tools, and expanded products and services that improve the member experience for families and businesses alike.
“This merger allows us to continue serving people throughout MetroWest Massachusetts, strengthens our ability to evolve and helps best serve our members with a path to yes and support to achieve the American Dream,” said Jim Petkewich, President and CEO, St. Mary’s Credit Union. “We appreciate the Members voting in favor of this partnership and look forward to welcoming MetroWest members to SMCU as we step into the future together.”
“While some things will grow and improve, what won’t change is our member-first pledge,” said Mike Forman, Chairman of the Board, MetroWest Community Federal Credit Union. “Both credit unions have deep roots in our communities and a long history of helping individuals, families, and local businesses thrive. Together, we’ll be even stronger, building on that legacy for generations to come.”
On July 1, 2026, the two organizations will be officially joined, and for the time being, it will be business as usual. Although there will be changes in branding and signage at the MetroWest Community Federal Credit Union branch, members at both credit unions can expect to conduct their financial transactions as usual, with the same friendly faces they know and trust.
To learn more about St. Mary’s Credit Union and how the full-service, not-for-profit financial cooperative based in Marlborough has been serving members of the MetroWest Massachusetts community, please visit www.stmaryscu.org.
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ABOUT ST. MARY’S CREDIT UNION
Founded in 1913, St. Mary's Credit Union is a full-service, not-for-profit financial cooperative with 7 branches and more than 55,850 members across MetroWest, Massachusetts. The Credit Union has assets exceeding $1 billion and has been named the #1 Credit Union SBA lender in Massachusetts for 10 consecutive years. St. Mary’s was also recently voted the #1 credit union in MetroWest and ranked second best of more than 140 credit unions in Massachusetts on Forbes’ eighth annual Best-In-State Credit Unions list. As a member-owned institution, St. Mary's Credit Union is dedicated to enhancing the financial well-being of its members and supporting the communities it serves. For more information, visit stmaryscu.org.
ABOUT METROWEST COMMUNITY FEDERAL CREDIT UNION
Since 1941, MetroWest Community Federal Credit Union has provided trusted financial services to individuals and families in Framingham, Natick, Ashland, and Hopkinton. With a focus on personal service, financial empowerment, and community values, MetroWest CFCU has been a fixture in the lives of generations of members.