To our members and communities:
As you know, St. Mary’s Credit Union (SMCU) plans to merge with MetroWest Community Federal Credit Union, based in Framingham, MA. This strategic partnership will unite two mission-driven credit unions that share a commitment to exceptional member service, community investment, and financial wellness.
The combined organization will operate under the SMCU name and retain its charter. With assets totaling more than $1.1 billion, the merged credit union will serve over 60,000 members across 8 branch locations, offering a broader ATM network, enhanced digital banking tools, and expanded products and services.
Both Boards of Directors as well as our regulators have approved the merger. Now it’s time for your vote and approval.
As we continue progressing toward bringing SMCU and MetroWest together, we want to share important upcoming milestones and what you can expect next.
Legal Day One – July 1
We anticipate Legal Day One to occur on July 1. On this date, the two credit unions will officially become one legal entity.
Before that happens several important steps must take place including:
- Mailing of official MetroWest member vote ballots on April 16.
- A Special MetroWest Member Meeting on June 3, when the merger vote will close and the results will be announced.
- St. Mary’s members will hold their meeting on June 15 at St. Mary’s headquarters
.As a special packet of information with a ballot will arrive in your mailbox prior to the event, attendance is optional.(Watch for more details as the date approaches.)
More updates will be shared as we approach Legal Day One.