Crescent and Brockton Postal Credit Unions MergeNews

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Crescent and Brockton Postal Credit Unions Merge

On Tuesday, April 30, Brockton Postal & Government Employees Credit Union merged into Crescent Credit Union. Both credit unions’ members voted to approve the merger earlier this year. The merger was subsequently approved by Massachusetts Banking Commissioner David J. Cotney last week.

Founded in 1919, Crescent Credit Union was originally chartered to serve the financial needs of employees at the Tarlow Brothers Leather Company in Brockton. Crescent now provides better banking solutions to over 47,000 members who live or work in Plymouth, Bristol, Norfolk and Barnstable counties. Established in 1923, Brockton Postal Employees Credit Union is the oldest postal credit union in the country, proudly serving 1,800 members in the Brockton area.

“It is our pleasure to welcome you to the Crescent family,” said Crescent President Robert Gustafson in a letter to Brockton Postal members. “Combined, we are a stronger organization, better prepared to offer the best, most affordable banking services.”

Brockton Postal members will be able to take advantage of Crescent’s competitive rates, convenient branch locations and hours, network of free and surcharge-free ATMs, expanded online services, and superb member service.

“We take great pride in saying that ‘We are Brockton’s credit union,” added Mr. Gustafson.