LYNN, MASSACHUSETTS & ROCKLAND, MASSACHUSETTS – Rockland Federal Credit Union (“Rockland FCU”) has entered a definitive merger agreement with Community Credit Union of Lynn (“Community CU”), a long-standing financial institution serving members of the northeastern Massachusetts community since 1955. This strategic partnership will expand Rockland CU’s footprint across Massachusetts while enhancing product and service offerings for the members of Community CU.  

Under the terms of the agreement Community CU will merge into Rockland FCU, pending the approvals of the National Credit Union Association (NCUA) and the Massachusetts Division of Banks (DOB) and the vote of Community CU members. The combined credit union will have nearly $3.6 billion in assets, operate as a division of Rockland FCU, and will serve more than 200,000 members across 12 Massachusetts branches.

“Community CU embodies everything that is special about credit unions. Their caring delivery of services to their community has been a hallmark from the credit union’s very first days. We will honor and respect that record in everything that we do together,” said CEO Kristin VanBeek. 

“Kris and his team at Rockland FCU possess the special combination of talent and heart required to continue to deliver for our members into a more complex and demanding environment for financial services” said Community CU CEO Nick Sarantopoulos. 

“We are thrilled to be combining with such a high-quality institution as Rockland FCU,” commented Community CU Chairman Peter Katsos, adding that “Rockland FCU understands, respects and honors the special history and heritage of our brand and its members.” 

“Together, we’re building something stronger—not just for our members, but for the communities we proudly serve,” Said Rockland FCU Chairman Bill Shamon.

Community CU members can expect a seamless transition with uninterrupted account access and the continued support of their familiar banking staff. When the merger is completed, members will have broader access to financial services and enhanced banking options, both online and in-person. 

The partnership is expected to be finalized by March 31, 2026, following all required approvals and a vote of the Community CU membership. 

Community CU is advised by Olden Lane Inc. of Bridgewater, New Jersey and the Demakis Law Offices. Styskal, Wiese & Melchoine, LLP serves as Rockland’s counsel for this transaction.

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About Rockland Federal Credit Union

Rockland Federal Credit Union, rated the Best Credit Union in MA by Forbes, is a financial cooperative dedicated to providing its members with accessible and affordable banking services. Serving more than 200,000 members with over $3.4 billion in assets, the credit union delivers a full range of personalized financial services designed to support members at every step of their financial journey.

About Community Credit Union of Lynn 

Founded in 1955 by a group of visionary Greek-American leaders, Community CU has distinguished itself as a financial institution that cares about the local working people, their families, and small businesses. The credit union gives everyday people and immigrants a safe place to keep their money and offers low fees, personalized service, and the financial tools to put financial goals within reach.

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Please review the important notice below from the Division of Banks:

THE COMMONWEALTH OF MASSACHUSETTS
Division of Banks

COMMUNITY CREDIT UNION OF LYNN (COMMUNITY CREDIT UNION), Lynn, Massachusetts
has petitioned the Commissioner of Banks for permission to merge with ROCKLAND FEDERAL CREDIT
UNION (ROCKLAND), Rockland, Massachusetts. Under the terms of the merger, COMMUNITY CREDIT UNION will merge with and into ROCKLAND under the charter, bylaws, and name of ROCKLAND. The main office of ROCKLAND would remain the main office of the continuing credit union and all banking offices of COMMUNITY CREDIT UNION would be retained as branch offices of ROCKLAND. Any objections or comments relative to this proposal must be communicated in writing to the Commissioner of Banks no later than October 24, 2025 and may be submitted via electronic mail to [email protected] or mailed to One Federal Street, Suite 710, Boston, Massachusetts 02110. A public hearing may be held if the response is considered significant or circumstances warrant such a hearing, as determined by the Commissioner. The petitioner’s application and all communications relative to this application are available from the Division by request at [email protected].

MARY L. GALLAGHER
Commissioner of Banks