Pioneer Valley Federal Credit Union and Springfield Street Railway Employees Credit Union Announce Strategic Merger

Combined Institution to Enhance Member Services and Expand Community Impact

Pioneer Valley Federal Credit Union and Springfield Street Railway Employees Credit Union are pleased to announce their intent to merge, combining two strong, member-focused institutions to enhance the value delivered to their members and communities. Pioneer Valley Federal Credit Union will be the continuing credit union.

This strategic partnership is rooted in a shared mission to provide exceptional service, competitive financial products, and a strong community presence. The merger will create a stronger, more resilient institution, better positioned to serve members' evolving financial needs in an increasingly competitive marketplace.

Pioneer Valley Federal Credit Union and Springfield Street Railway Credit Union combined will serve Government, Healthcare, Military, and Transportation select employee groups, along with associations promoting financial literacy in locations where members work, live, or worship in Massachusetts, Connecticut, Vermont, Rhode Island, New Hampshire, and New York.

Commitment to Members and Employees

If approved by members of the credit union and regulators, the combined institution will serve approximately 12,000 members with assets of nearly $161 million. Members can expect the same great service with no interruption to their accounts, loans, or services throughout the transition process.

Both credit unions are committed to their members, and the merger is expected to create new opportunities for growth expansion and development across the combined organization. Both credit unions remain committed to the people they serve and look forward to this next chapter of growth and enhanced member service.