On Thursday, June 1, Merrimack Valley Credit Union (MVCU) finalized its merger with RTN Federal Credit Union. The newly merged credit union will operate under the Merrimack Valley Credit Union name until a new name is launched in late 2024. MVCU is now one of the five largest credit unions in Massachusetts with more than $2.3 billion in assets, 115,000 members and 28 branches.
In March, members of MVCU and RTN voted in favor of merging the two financial organizations, clearing a major hurdle that allowed the credit unions to begin the transition into becoming one financial institution.
“Over the past few months, I have watched my teammates from MVCU and the former RTN work together to make this merger as smooth of a transition as possible for both our members and team members,” said John J. Howard, president and CEO of MVCU. “We are so fortunate to share very similar cultures and values, and working together has been such a wonderful experience. I am so excited to be a part of the team that runs this financial institution and to continue serving our members and community with the amazing service they have come to expect!”
Beginning on June 1, MVCU members (including former RTN members) will be able to bank at any MVCU or former RTN branch location and utilize all MVCU and RTN ATMs surcharge-free.
To celebrate the merger, MVCU decorated their branches with balloons and provided lunch for team members in the branches and corporate offices. MVCU’s senior team leaders also visited the branches and corporate offices to share in the camaraderie.
Information and important updates for MVCU members and former RTN members can be found here at www.mvcu.com.
Photo caption: Former RTN and new MVCU employees smile in the Waltham branch alongside MVCU President & CEO John Howard, who visited several branches to celebrate the credit unions’ merger. From left: Nicole James, executive vice president; Denise Aucoin, receptionist; John Howard; Kathy Bennett, teller; Ibeth Tejada, Waltham branch manager; and Vimala Dwarakanath, Waltham assistant branch manager.