HANSCOM AFB, MA — The members of Touchstone FCU approved a merger with Hanscom FCU. The decision was made by vote and was announced February 16. The merger will be effective April 1, 2017.
Touchstone FCU, with offices in Wilmington, MA and at Mount Auburn Hospital in Cambridge, MA, was founded in 1957. It serves employees and retirees at Textron Systems, Mount Auburn Hospital, and other affiliated organizations. Touchstone FCU has $17 million in assets.
Touchstone FCU will continue to operate as a separate entity until the integration of the systems is completed later in 2017. Hanscom FCU intends to retain the two Touchstone FCU offices and staff. Touchstone FCU Board Chairman Ray Kahre has agreed to serve on the Hanscom FCU Advisory Board.
“We are delighted to welcome all 2,291 Touchstone FCU members to the Hanscom FCU family,” said Paul Marotta, Chairman of the Board for Hanscom FCU. “We look forward to helping more people become financially self-sufficient and successful.”
About Hanscom Federal Credit Union
Hanscom Federal Credit Union, headquartered at Hanscom Air Force Base in Massachusetts, serves 70,000 members across the country and overseas through 17 branches, over 100,000 service centers and surcharge-free ATMs, 24-hour telephone service and a web-based branch. The credit union holds $1.1 billion in assets.
(NOTE: The above press release is from Hanscom Federal Credit Union.)
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