Dear Members Plus Credit Union Member,

We are writing to share an important update about the future of Members Plus Credit Union and to ask for your vote on the proposed partnership with Metro Credit Union.

Your participation in this process is important.

Why this partnership matters

Your Board of Directors has spent considerable time evaluating how best to position Members Plus Credit Union for long-term success in an increasingly competitive and rapidly changing financial services environment. Like many community-based financial based institutions, we continue to face evolving member expectations, growing technology demands, increased regulatory and operational pressures.

Throughout this process, the Board carefully considered a range of strategic options with one priority in mind: continuing to provide strong service, value, and stability for our members well into the future.

After thoughtful evaluation, the board believes that partnering with Metro Credit Union is the best path forward for our members, employees and communities.

Why Metro Credit Union

Metro Credit Union shares our commitment to member-service, community values, and financial strength. By combining our organizations, we believe members will benefit from:

  • Greater access to full-service branch locations and ATMs
  • Expanded products and services
  • More competitive rates and lower fees
  • Enhanced technology and digital banking capabilities
  • Increased long-term financial strength and stability
Most importantly, this partnership will allow us to continue serving you with the same personal commitment and care you have come to expect, while providing greater resources and opportunities for the future.

What happens next?

Before this merger can move forward, it must receive approval from both the regulators and Members Plus Credit Union members.

Regulatory approval to proceed was granted on August 4, 2026, and a special meeting of the membership to vote on the merger will be held on October 16, 2026. If approved by the membership, the merger is expected to be completed later this year.

You can participate in this process by:
  • Choosing Begin Voting below or mailing back the paper ballot mailed to you if you opted out of electronic communication, or
  • Attending the special membership meeting and voting in person
If you have questions about the proposed merger and what it means for our members, we encourage you to attend our upcoming information session:
  • September 8, 2026, 10:00AM – 11:00AM - 494 Gallivan Blvd Dorchester, MA 02124
  • September 8, 2026, 3:00PM – 4:00PM - 200 Revere Beach Pkwy, Chelsea, MA 02150
  • September 9, 2026, 10:00AM 11:00AM - 200 Revere Beach Pkwy, Chelsea, MA 02150
  • September 9, 2026, 3:00PM – 4:00PM - 494 Gallivan Blvd Dorchester, MA 02124
Our recommendation

The Members Plus Credit Union Board of Directors unanimously recommends a YES vote in favor of this proposal.

We believe this partnership represents a strong and sustainable future for our credit union - one that expands opportunities for our members while remaining true to the values, relationships, and commitment to services that defined Members Plus Credit Union.

Thank you for your continued trust and support, and for taking the time to participate in this important decision.



Sincerely,
Craig Pinkham
Chair – Board of Directors

For more information visit: www.memberspluscu.org/metromerger