Members of CrossPoint Federal Credit Union have approved a merger with Nutmeg State Financial Credit Union.
Members of CrossPoint Federal Credit Union have approved a merger with Nutmeg State Financial Credit Union that will take effect Dec. 1, the institutions announced.
The combined credit union will operate under the Nutmeg name. Nutmeg President and CEO John Holt will remain CEO, while CrossPoint CEO Darlene White will serve as a strategic advisor and CrossPoint market president during the transition.
Together, the credit unions will serve about 63,000 members with more than $850 million in assets. CrossPoint will operate as a division of Nutmeg until full systems integration, which is expected in April 2026.
Officials said CrossPoint members will gain access to a larger branch and ATM network, expanded products and digital services, and Nutmeg’s community-focused programs.
Rocky Hill-based Nutmeg State Financial Credit Union has been expanding its assets in recent years through mergers. In 2024, it completed a tie-up with First Bristol Federal Credit Union.
It currently has $716.8 million in assets and 55,418 members, with branches in Rocky Hill, Manchester, New Britain, Glastonbury, Milford, Stratford, Bristol and Orange.
CrossPoint, chartered in 1936, has $157.8 million in assets, 10,260 members and branches in Branford, New Haven and Hamden.
