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News Now

CU System
CU System brief (02/14/2011)
* FRAMINGHAM, Mass. (2/15/11)--Framingham (Mass.) Municipal FCU has a new charter and a new name, MetroWest Community FCU (MWCFCU), the more than $86 million asset credit union announced. Founded in 1944 to serve municipal employees of the Town of Framingham, the credit union has been granted a community charter by the National Credit Union Administration. Anyone who lives, works, worships or attends school in the Metro-West Communities of Middlesex County is eligible to join. "Our new charter will allow us to compete more aggressively with the banks," said MetroWest President John Gallinaugh. "People everywhere are looking to credit unions as a good alternative, and now all our neighbors throughout the MetroWest community can look to us." Gallinaugh noted the credit union is eliminating monthly checking fees and fees for Internet banking while Bank of America is raising fees for checking. The credit union also will offer mobile banking, shared branching and enhanced online services, he said. "Plus, we're looking to improve rates on products like credit cards and deposits …


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