For members who were unable to attend our recent Town Hall in Lawrence, MVCU President & CEO John J. Howard will host a virtual Town Hall meeting on Thursday, Nov. 7 from 1:00 p.m. to 2:00 p.m. All MVCU members are welcome and encouraged to attend this meeting, where John will discuss our proposed merger with Cabot Boston Credit Union and our upcoming rebrand to BrightBridge Credit Union (pending member and regulatory approval). We look forward to seeing you online!
On November 18, 2024 at 12:00 p.m., Merrimack Valley Credit Union will hold a Special Meeting at its main office located at 500 Merrimack Street, Lawrence, Massachusetts (the “Special Meeting”). The Special Meeting is being held:
The proposed amendments to the By-Laws are available for inspection at Merrimack Valley Credit Union’s main office and branches, and copies may be obtained by Members upon request.
Merrimack Valley Credit Union’s Board of Directors recommends that its members vote FOR the Merger and FOR the amendment of the By-Laws.
To vote, you must be 18 years of age or older, and a member of MVCU for at least 3 months prior to the special meeting date. You must be present at the Special Meeting and vote in person. We strongly urge you to attend and vote at the Special Meeting.
BY ORDER OF THE BOARD OF DIRECTORS
Maureen Ronayne
Clerk
Lawrence, Massachusetts
November 1, 2024
Special Meeting Notice 11-18-2024
MVCU will host an in-person Town Hall meeting on Monday, Nov. 4 from 6:00 p.m. to 7:00 p.m. in our Lawrence corporate office located at 500 Merrimack Street, Lawrence MA 01843 (the corporate building is located directly behind our Lawrence retail branch on Merrimack Street).
All MVCU members are welcome and encouraged to attend this meeting, where John will discuss our proposed merger with Cabot Boston Credit Union and our upcoming rebrand to BrightBridge Credit Union (pending member and regulatory approval). We look forward to seeing you there!
September 27, 2024
To Our Valued Members,
We are very excited about the proposed merger of Cabot Boston Credit Union into Merrimack Valley Credit Union. The day of our merger vote is right around the corner, scheduled for Monday, November 18, 2024.
After carefully evaluating options and possibilities, your Board of Directors is convinced that the proposed merger would result in a perfect fit of organizations with matching cultures and values.
Our federal regulator, the National Credit Union Association (NCUA), and the Massachusetts Credit Union Share Insurance Corporation (MSIC), the two organizations that insure 100% of your deposits, agree and have approved the proposed merger.
Now it’s your turn to have your voice heard!
Please join us at a Special Meeting to vote on the proposed merger with Cabot Boston Credit Union. During the Special Meeting, members will have the opportunity to ask our senior leadership team any questions before casting their ballots.
At the Special Meeting, members will vote FOR or AGAINST the following proposals:
To approve a proposal to merge Cabot Boston Credit Union with and into Merrimack Valley Credit Union (the “Merger”) under the charter, by-laws and name of Merrimack Valley Credit Union, and to approve a proposal to amend Merrimack Valley Credit Union’s By-Laws contemporaneously with the Merger to expand Merrimack Valley Credit Union’s field of membership to include all those who currently are eligible for membership under Cabot Boston Credit Union’s current field of membership, including employees of Cabot Corporation, its subsidiaries and members of immediate families of such employees.
Merrimack Valley Credit Union’s Board of Directors recommends that its members vote FOR the Merger and FOR the amendment of the By-Laws.
To vote, a member must be present at the Special Meeting and vote in person. We strongly urge you to attend and vote at the Special Meeting.
Please note that this merger will have no impact on your accounts or how we conduct business. In addition,
Below are links to additional documentation regarding the proposed merger:
If you have a question or would like more information about the proposed merger, please visit MVCU.com/merger, email us at MergerQuestions@mvcu.com or contact our Member Support team at (800) 356-0067.
We hope that you are as excited about the proposed merger as we are. We look forward to seeing you on November 18!
Sincerely,
Domenic P. Mazzocco
Chairman of the Board of Directors
John J. Howard
President & CEO
August 1, 2024
We are excited to announce that MVCU is expanding again through a proposed merger with Cabot Boston Credit Union, a 700-member, $5.6 million institution located in Boston, Mass. This merger will allow us to expand into another community while serving the existing members with the same MVCU products and services that you enjoy each day.
This merger is small compared to recent mergers and will not impact your current experience banking with MVCU. There will be no changes to your account(s), our online and mobile banking platforms or the in-branch services you receive when you visit one of our locations.
A member vote on the merger will be scheduled for later this year at our corporate office in Lawrence, Mass., with the intention to finalize the merger in Q1, 2025. More information about the merger vote will be sent in September.
Cabot Boston Credit Union has been serving members in the Boston area since 1941. We look forward to continuing their hard work and welcoming their members into the Merrimack Valley Credit Union family!
If you have any questions about the merger, please email us at mergerquestions@mvcu.com.
Notice for Merger and By-Law Amendment 8.1.24