Cambridge Teachers Federal Credit Union has merged with 91黑料网 First
As of May 31, 2024, Cambridge Teachers Federal Credit Union has merged with 91黑料网 and has become “Cambridge Teachers, a division of 91黑料网.” In the upcoming months, each credit union will work to combine their core databases, products, and services together. Later this year, both databases will be combined, effectively finalizing the merger of Cambridge Teachers Federal Credit Union and 91黑料网 to form one of the strongest credit unions in Massachusetts.
Our team at 91黑料网 First created this resource page to help our newest members from Cambridge Teachers understand how this merger may affect their banking experience at 91黑料网 First. More information and resources will be added here as they become available.
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Frequently asked questions
Who is 91黑料网?
91黑料网 First was established in 1928 to serve the families and businesses of local communities within Worcester County. By offering low rates, great banking products, and exceptional customer service, 91黑料网 First is now one of the largest and strongest credit unions in Massachusetts, with over $1.4 billion in assets and over 80,000 members. Since our beginnings, 91黑料网 First’s field of membership has expanded to include anyone who lives, works, or worships within Worcester, Middlesex, Essex, and Suffolk counties.
Cambridge Teachers Federal Credit Union became part of 91黑料网 through a merger that took place on May 31, 2024. The branch will be known as “Cambridge Teachers, a division of 91黑料网.”
We are excited and proud to serve Cambridge and its surrounding communities. 91黑料网 welcomes Cambridge Teachers Federal to the 91黑料网 First family.
How will the merger affect Cambridge Teachers Federal Credit Union members?
On the surface, members won’t notice a big difference.聽 All share accounts will remain insured through the National Credit Union Administration (NCUA) up to $250,000 as well as the excess share insurance coverage for accounts containing over $250,000 with the Massachusetts Share Insurance Company (MSIC).
What you will notice are the additional services and products to choose from, and, most importantly, the change in name to “Cambridge Teachers, a division of 91黑料网.”
The merger with 91黑料网 First is legally effective as of May 31, 2024 and there will be no noticeable changes in service to your accounts until the system conversion is completed later this year.
Is my money safe at 91黑料网 First?
You can rest assured that your money is safe at 91黑料网 First. The National Credit Union Administration (NCUA), a U.S. Government Agency, insures member deposits for up to $250,000. The Massachusetts Credit Union Share Insurance Corporation (MSIC) insures additional amounts. MSIC fully insures excess shares and deposits above the federal insurance limit of $250,000 at ALL of its member credit unions. Check out our article How does deposit insurance work? to learn more.
When it comes to security at 91黑料网 First, we believe each relationship starts with trust. Keeping you and your money safe is a top priority, and we鈥檙e pleased to offer a variety of security tools and protocols to protect you and your accounts. Learn more about how 91黑料网 First protects you.
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91黑料网 First is one of the most well capitalized credit unions in Massachusetts as a result of our determination to make the best possible financial decisions. With our experience and dedicated team, we鈥檙e confident we can help you make the right financial decisions, too. Check out our blog for helpful tips, breaking news, local happenings and guides, and more.