ROCKY HILL, Conn.— Members of CrossPoint FCU have approved the proposed merger with Nutmeg State Financial Credit Union, the credit unions announced.
With all required regulatory and membership approvals in place, the merger will be effective Dec. 1, with operational integration planned for April 2026.
The combined credit union will operate under the Nutmeg State Financial Credit Union name and brand, with John Holt, Nutmeg’s current president and CEO, continuing as CEO of the combined organization.
Darlene White, CrossPoint’s CEO, will serve as strategic advisor/CrossPoint market president through the transition. Together, the two credit unions will form an organization with more than $850 million in assets, 63,000 members, and an expanded branch network spanning multiple counties.
“This member vote represents an exciting milestone in our shared journey,” said Holt. “Our members and employees can look forward to all the benefits this partnership brings – greater access to services, enhanced technology, and continued investment in the communities we serve. We’re thrilled to welcome CrossPoint members and staff into the Nutmeg family.”
“This is a wonderful next chapter for CrossPoint,” White added. “Our members have always been at the heart of everything we do, and this partnership allows us to continue that mission with even greater reach and resources. We’re proud of our legacy and confident that, together with Nutmeg, we’ll continue to make a meaningful difference in the lives of our members and the communities we serve.”