WORCESTER, Mass.–Two Massachusetts credit unions have announced merger plans. The $900-million Webster First Credit Union said it will absorb via merger the $9.5-million Louise Mills FCU in Merrimac, Mass.
Initial plans call for renaming the credit union "Louise Mills, a Division of Webster First FCU.”
Founded in 1928, Webster First has merged in numerous credit unions in recent years, including Saugus Federal, Fitchburg Federal, Winthrop Federal, Filene Federal, and Industrial credit unions.