LOWELL, Mass. (2/8/16)--Jeanne D'Arc CU will become the first credit union to take advantage of a new Massachusetts law that allows for regional interstate credit union branching. The Lowell, Mass.-based credit union announced plans to open a branch in Nashua, R.I., last week.
The new location, Jeanne D’Arc CU’s 10th branch, is scheduled to open this fall, with groundbreaking set for April 4 (Lowell Sun Feb. 5).
The regional interstate credit union branching regulation was made possible through the lobbying efforts of the Cooperative Credit Union Association (News Now Aug. 5)
The Nashua branch will include two drive-up teller windows, a 24-hour access drive-up and walk-up ATM. It will also offer member service offices and a coin machine.
"We have a good amount of membership nearby," Michelle Silveira, Jeanne D'Arc's chief marketing officer told the Sun.
The credit union had signed paperwork last year for the property, but had to wait until the state's interstate branch bill became law on Oct. 1 to apply for permission to move forward with building. Jeanne D'Arc more recently learned that its expansion plans were officially accepted by the Office of the Commissioner of Banks in both Massachusetts and New Hampshire.