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Two Massachusetts Credit Unions Join in $1.15 Billion Merger

Big news for MetroWest Massachusetts: St. Mary’s Credit Union and MetroWest Community Federal Credit Union are officially tying the knot.

After getting the green light from regulators and a thumbs-up from members at both institutions, the two credit unions are set to merge on July 1, 2026.

The numbers tell an impressive story. We’re talking about $1.15 billion in combined assets and a membership base of over 60,000 people across the MetroWest region. That’s a lot of neighbors banking together.

How the Vote Went Down

Democracy in action looked pretty smooth here. MetroWest Community Federal Credit Union members cast their ballots first on June 3, 2026, giving the merger their approval. St. Mary’s Credit Union members followed suit on June 15, 2026, voting yes to the partnership. With regulatory approval also secured, all the pieces fell into place.

What Members Can Expect

Once the merger wraps up, the combined organization will operate under the St. Mary’s Credit Union name and charter. Think of it as MetroWest joining the SMCU family rather than disappearing altogether.

The new entity will boast eight branch locations spread across Framingham, Hudson, Marlborough, Northborough, and Westborough, plus a Corporate Office & Loan Center in Marlborough. That’s more locations and more convenience for everyone involved.

Members also get access to some tangible upgrades: a bigger ATM network (fewer of those annoying out-of-network fees), better digital banking tools, and a wider range of products and services. Whether you’re managing household finances or running a local business, the expanded offerings should make life easier.

What the Leaders Are Saying

“This merger allows us to continue serving people throughout MetroWest Massachusetts, strengthens our ability to evolve and helps best serve our members with a path to yes and support to achieve the American Dream,” said Jim Petkewich, President and CEO of St. Mary’s Credit Union. “We appreciate the Members voting in favor of this partnership and look forward to welcoming MetroWest members to SMCU as we step into the future together.”

Mike Forman, Chairman of the Board at MetroWest Community Federal Credit Union, emphasized continuity: “While some things will grow and improve, what won’t change is our member-first pledge. Both credit unions have deep roots in our communities and a long history of helping individuals, families, and local businesses thrive. Together, we’ll be even stronger, building on that legacy for generations to come.”

The Transition Timeline

Mark your calendars for July 1, 2026—that’s when the merger becomes official. But don’t expect chaos on day one. Both credit unions are promising a smooth transition with minimal disruption.

You’ll notice some cosmetic changes over time, like new branding and signage at former MetroWest Community Federal Credit Union branches. But the day-to-day banking experience? That stays the same. Same familiar faces, same reliable service, just under a unified banner.

For members at both institutions, it’s business as usual—just with a stronger foundation and more resources backing their financial futures.

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