NASHUA, N.H.—Members of the $600-million Triangle Credit Union plan to vote next week on a proposed merger with $6-million St. Joseph Hospital Employee’s CU.
“Triangle Credit Union’s board of directors and management team recommend that you vote in favor of the proposed merger,” Mark Warner, executive vice president of Triangle Credit Union, wrote in an e-mail to members, the Union Leader Correspondent reported.
Triangle CU told the newspaper that SJHECU approached the larger credit union seeking a merger to not only give its members access to more services, but to address the growing compliance burden.
“This is a perfect fit for membership,” Dick Lavoie, senior vice president of marketing for Triangle, told the Union Leader Correspondent. “They are looking for more sophisticated services such as online bill paying and banking mortgages.”
If members of Triangle Credit Union support the merger, the proposal will be reviewed by NCUA. Both CUs are based in Nashua.