SPRINGFIELD, Mass.–Two more Massachusetts credit unions have said they are seeking to merge.
The $158-million Pioneer Valley FCU and the $1.19-million Springfield Street Railway Employees Credit Union, which is also in Springfield, said they are seeking to tie-up.
Pioneer Valley FCU had $323,625 in net income as of June 30, with net worth of 11.52%. Springfield Street Railway, which has approximately 172 members, had $26,818 in net income to go with net worth of 29.75% as of the same date.
“This strategic partnership is rooted in a shared mission to provide exceptional service, competitive financial products, and a strong community presence,” the credit unions said in a statement.
The combined credit union will serve government, healthcare, military and transportation SEGs, along with associations promoting financial literacy in locations where members work, live, or worship in Massachusetts, Connecticut, Vermont, Rhode Island, New Hampshire, and New York.
