Hudson Municipal Employees Federal Credit Union approves merger with RTN Federal Credit Union
WALTHAM, MA (February 27, 2017) — Members of Hudson Municipal Employees Federal Credit Union (HMEFCU) voted on February 21 to approve a merger with RTN Federal Credit Union, headquartered in Waltham. The merger will be effective on March 1. HMEFCU, with nearly $7 million in assets, was founded in 1962.
“This is an exciting opportunity to expand RTN’s branch footprint, and grow our membership base,” says RTN Treasurer and CEO Richard Wright. “Our new members in Hudson will continue to be served by familiar staff, and enjoy access to more products and services with added convenience in the coming months. We look forward to a secure and promising future for our members, employees, and affiliates.”
Members will be able to choose from a wider offering of financial products and services, including an expanded choice of mortgage and loan products and a larger ATM network.
“We are excited to offer members lower fees, more branch access, and greater convenience with the same individualized attention,” says Nancy Boire, HMEFCU Treasurer and CEO. “Staff and leadership are committed to a seamless transition so that members can conduct business as usual.”
RTN Federal Credit Union is a full-service financial cooperative, providing members with high-quality financial products and customized service. Founded in 1945, RTN is one of the ten largest credit unions in Massachusetts, with more than $860 million in assets, nearly 50,000 members and 19 community and worksite branches. Membership is open to employees and families of more than 650 sponsor groups.
About RTN Federal Credit Union
RTN is a member-owned, not-for-profit financial cooperative committed to helping members achieve financial well-being through quality products and personalized service. Founded in 1945, RTN is one of the largest credit unions in Massachusetts, with over $1 billion in assets, nearly 50,000 members and 18 branches. RTN Federal Credit Union serves more than 1,100 sponsor groups including two major employers in Massachusetts – Raytheon Company and Brigham and Women’s Hospital.