Dutch Point Credit Union and MiddConn Federal Credit Union declare merger plans
WETHERSFIELD, CT (September 28, 2016) — Francis Proto, President and CEO of Dutch Point Credit Union, Inc., and Barbara Thorpe, CEO of MiddConn Federal Credit Union, are pleased to report that the members of MiddConn Federal Credit Union, Middletown, CT voted in favor of merging into Dutch Point Credit Union. MiddConn FCU members officially approved the merger at a Special Meeting held on July 25th, 2016. The merger was previously approved by both the Federal and State regulators. The combined credit unions will serve approximately 23,500 members and have assets in excess of $280 million.
Proto, said, “We are thrilled the members of MiddConn voted in favor of the merger and look forward to their arrival. Our credit unions truly share and are guided by the same member-first principle. With the merger, we will now have a branch presence in Middlesex county to effectively serve both MiddConn and Dutch Point members living in those towns.”
“Our shared values and commitment to our communities will allow us to continue the credit union tradition of ‘People helping People’. This merger is an opportunity to combine our resources resulting in an even stronger credit union that delivers more value to all its members,” said Thorpe.
Upon completion of the merger Dutch Point will have seven community branch locations with its main office located at 195 Silas Deane Highway, Wethersfield, CT.
About Dutch Point Credit Union
Chartered in 1960, Dutch Point Credit Union is headquartered in Wethersfield, Connecticut and has community branch offices in Berlin, Newington, Bloomfield, West Hartford, Middletown, and Niantic. DPCU has assets over $400 million and serves more than 23,000 members. The Credit Union offers lifetime and family memberships with services that include savings, checking, loans, mortgages, insurance, online access, and more. For more information please visit the company website at www.dutchpoint.org>.
About MiddConn Federal Credit Union
In 1959 MiddConn Municipal Federal Credit Union was originally organized to serve the employees of the City of Middletown. Since then MiddConn has expanded its field of membership to include over 20 Select Employee Groups (SEGs) and the members of Standard-Knapp Employees FCU. In 2007 MiddConn Municipal FCU changed its charter and name. Now MiddConn Federal Credit Union serves anyone who lives, works, worships or attends school in Cromwell, Durham, East Hampton, Haddam, Middlefield, Middletown and Portland. The credit union serves over 2,500 members with superior service delivered with promptness, courtesy and respect. More information can be obtained at www.middconn.com.