First Responders CU, Lynn Firemen’s FCU Announce Merger
By CU Today Staff —
BOSTON—First Responders Credit Union and Lynn Firemen’s Federal Credit Union have announced plans to merge, creating a combined organization with approximately $470 million in assets and 13,500 members serving first responders and their families across Massachusetts.
The merger is expected to be completed in March of 2027.
First Responders CU, which has nearly $450 million in assets, will absorb $20-million Lynn Firemen’s FCU. The merger is subject to member and regulatory approvals, with both existing branches in Dorchester and Lynn remaining open and employees of both institutions being retained.
“The opportunity to expand First Responders Credit Union’s support for firefighters, while making our credit union stronger for the members we already serve, makes this a seamless unification of two strong organizations,” said Danielle Milner, president and CEO of First Responders CU. “Our credit unions share a common history and shared belief that first responders deserve an organization dedicated to the unique needs of them and their families. Coming together with Lynn Firemen’s Federal Credit Union will preserve the highest levels of service to our firefighter communities while strengthening the resources available to them.”
“Lynn Firemen’s Federal Credit Union has proudly served firefighters in Boston’s North Shore for more than ninety years,” said CJ Gheringhelli, board chairman of Lynn Firemen’s FCU, which serves approximately 1,500 members. “Our goal has always been to take care of those who serve. Now our two organizations will be stronger together and ensure that members have expanded access to the financial technology, products, and support they need, while maintaining the values and priorities that have historically supported Massachusetts’ firefighting communities.”
Originally reported by CU Today.