EVERETT, Mass.–Two Massachusetts credit unions have opted to form a larger mass. The $49-million Everett Credit Union said it will merge into the $250-million Members Plus CU in Medford in a deal expected to be finalized this year.
The combined credit union will have six branches.
John Murphy, CEO of Members Plus CU, previously served as president of Everett Credit Union from 2005-08.
The combined credit union will have approximately 14,000 members.