It is with great excitement that we announce that RTN Federal Credit Union members have voted YES in favor of the proposed merger with Merrimack Valley Credit Union at a Special Meeting of its members on Thursday, March 30, 2023, at RTN’s corporate office in Waltham, MA. Merrimack Valley Credit Union members voted in favor of the merger on Wednesday March 29 at a Special Meeting at MVCU's Corporate Office in Lawrence. In total, the votes were 92% in favor of the merger for RTN members who voted and 96% for MVCU members who voted. Read the Press Release
Regarding the pending merger with RTN Federal Credit Union, the Massachusetts Division of Banks has issued the Merger Notice.
Read the Merger Notice (click to expand).
We are very excited to announce that RTN Federal Credit Union will be merging into Merrimack Valley Credit Union, pending member and regulatory approval.
After carefully evaluating options and possibilities, your Board of Directors is convinced that the proposed merger would result in a perfect fit of organizations with matching cultures and values. Additionally, the organizations’ territories do not overlap.
If approved by the memberships and the appropriate regulatory authorities, MVCU President & CEO, John J. Howard, will continue as President & CEO of the combined organization post-merger.
Read the letter to MVCU members (Click to expand)