Common Trust FCU, Wellesley Municipal Employees FCU to merge

Woburn, Massachusetts-based Common Trust FCU will merge with Wellesley, Massachusetts-based Wellesley Municipal Employees FCU, according to an April 30 post on Common Trust FCU's website.

The system merger is set to be finalized on Aug. 31.

The transaction was approved by Wellesley Municipal Employees FCU's board and endorsed by a majority of the credit union's voting membership. The combined organization will operate under the Common Trust Federal Credit Union name.

As of March 31, Common Trust FCU had $58.2 million in total assets and Wellesley Municipal Employees FCU had $27.9 million in total assets.

To use S&P Capital IQ Pro's branch analytics tools to compare market overlap, click here. To create custom maps, click here.