Community Credit Union of Lynn to join Rockland Federal Credit Union Family
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.
Merger Q&A
Why are we merging?
- Expand your access – You’ll have more branch locations, ATMs, and servicing areas to choose from.
- Stay strong and competitive – The financial industry is changing quickly. This merger ensures that together, we’ll have the scale, resources, and technology to continue delivering the products, services, and tools you expect.
- Enhance your experience – You’ll benefit from more value, from innovative products to personalized services, all while maintaining our commitment to putting members first.
This merger is about strength, growth, and opportunity so wherever life takes you, your credit union will be right there with you.
What does this mean for my accounts and services?
For now, nothing changes in your day-to-day banking experience. You can continue to bank with confidence, knowing that:
- Your account and routing numbers will remain the same.
- Your online and mobile banking access will not change, and your existing rates will stay the same.
- You’ll continue to be served by the same friendly CCU team at your local branches.
- Our branch hours and customer support services remain unchanged.
In the future, there will be updates as we align systems and services but we’ll keep you informed well in advance. For now, it’s business as usual.
Will there be any changes in leadership or employees?
No, you’ll continue to be served by the same dedicated CCU team you know and trust. There are no immediate changes to our leadership or staff.
Additionally, all CCU employees will be offered positions with RFCU to ensure a smooth transition and the same consistent service you rely on. Updates will be shared as they become available.
Will there be CCU branch location changes?
No. There will be no changes to your current CCU locations. This expansion means you’ll have more convenient access to in-person service, with the addition of nine new branch locations on the South Shore.
Will we still be member-owned?
Yes. After the merger, we will remain a member-owned federal credit union. That means you our members, not outside shareholders continue to guide our mission and benefit from our success.
What will happen to my funds?
Your deposits will remain safe and secure. They will continue to be federally insured by the National Credit Union Administration (NCUA) up to $250,000 per individual depositor, and fully insured by the Massachusetts Share Insurance Corporation (MSIC) for amounts above the federal limit. There will be no interruption to your account access or deposit protection.
When will the merger happen?
Members of Community Credit Union will have the opportunity to vote later this year. Following a successful member vote and the required regulatory approvals, the merger is expected to be finalized in early 2026.
Where can I find updates and more information?
We’ll continue to update this page with the latest information as the merger progresses. Please check back regularly for news, timelines, and answers to additional questions.
For direction questions, write us here!
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 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 brand offices of ROCKLAND. Any objections of 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 dob.comments@mass.gov 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 dob.rao@mass.gov.
MARY L. GALLAGHER
Commissioner of Banks