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News Now

CU System
Two Mass. CUs explore merger
BROCKTON, Mass. (4/23/09)--HarborOne CU and NationsHeritage FCU, two Boston-area credit unions, are exploring a merger. HarborOne’s members voted in favor of the merger last week, and NationsHeritage members were scheduled to vote on the proposed merger Wednesday night. The credit unions are proposing to merge because they share the same philosophies on member service and the community, and the merger would enhance convenience and service for members, Jim Rice, HarborOne senior vice president of marketing, told News Now. NationsHeritage also is “adjacent to HarborOne’s marketing footprint” in the Boston area, Rice said. If the merger is approved, the resulting credit union would retain the HarborOne name. It would have 15 branches, 28 ATMs and 138,000 members. HarborOne is the larger credit union of the two, with 12 branches and 23 ATMs. The merger would not be finalized until after May 5 because of regulatory approval, Rice said.


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