Connected Credit Union and Winslow Community Federal Credit Union are two financially strong not-for-profit cooperatives that have combined resources to become one financial institution, serving Kennebec, Somerset, Lincoln and Waldo, Counties.
Richard Lachance, CEO of Connected Credit Union said “The name Connected Credit Union will remain, as we feel it is a perfect fit for our combined memberships. We think of this partnership as a reflection of the larger community we will serve and of connecting the entire membership through technology and personal relationships to foster financial success.”
“What makes this so exciting is that both institutions share a common culture and provide like services. We are building financial security for the members we serve and this bright, new partnership will provide great opportunity” said Cathy Bond, President of Winslow Community Federal Credit Union
While this is considered a merger from a regulatory standpoint, all parties involved view this as a coming together of like institutions and a “win, win” for all. This partnership positions us for continued growth and sustainability while meeting the needs of our members. All existing branch locations will remain open, providing full-service to members.
Connected Credit Union was originally chartered in 1967 while Winslow was charted in 1958. Both credit unions have a long-standing tradition in their communities, having served their respective memberships since 1967 and 1958. Connected Credit Union will now have more than 8400 members with assets of $100MM.