Members Advantage And River Valley Cus Now Called 802 Credit Union
Merged institutions serve all of Vermont and three counties in New Hampshire.
Vermont Business Magazine The Board of Directors of the recently merged Members Advantage Community Credit Union approved the credit unions new name: 802 Credit Union. The merger was announced April 29.
The combining of River Valley and Members Advantage Community Credit Union provided an opportunity to reimagine our name and brand to better reflect where we have been and where we are going in the future, explains CEO Sean Gammon.
The Credit Union hired an outside financial branding consultant, Stackpole & Partners out of Newbury Port, MA, to assist with the rebranding process. Members, staff and volunteers were surveyed to better understand their perceptions of the Credit Union and the unique value that it provides for its members and the communities it serves.
A cross-functional committee was established to review the feedback and explore and select a name and logo for the new brand.
Our Vermont roots are an important factor for our staff and membership and we wanted a name that reflected that heritage while also differentiating us from other Vermont financial institutions. said Gammon. The single 802 area code in Vermont is unique and recognizable to the communities that we serve. It is also modern, fresh and approachable and positions us for future growth throughout the state and into surrounding areas that appreciate and connect with the Vermont lifestyle and values.
River Valley Proposes Merger With Barre
The River Valley Credit Union on Putney Road in Brattleboro.
BRATTLEBORO A merger between the River Valley Credit Union and Members Advantage Community Credit Union, headquartered in Barre, will need state regulators’ approval as well as a vote of the members of both credit unions.
The merger, which was announced earlier this month, would join “like-sized and like-minded Vermont credit unions,” in the words of Jeffrey Morse, the chief executive officer of River Valley, which started its corporate life more than 60 years ago as the Putney Credit Union.
Morse said the merger has many benefits for the 18,585 members at River Valley, which is headquartered in Brattleboro, and would enable the credit union to offer some types of loans it is currently prohibited from offering and conversely, enable Members Advantage to also expand its loan offerings.
There will be lower fees, he said, and expanded offerings.
Morse said the merger is not prompted by financial difficulties, even in the age of the coronavirus. “We’re in great financial shape,” he said.
But he said the banking industry faces incredible pressures. He said that in 10 years the credit union would face even greater challenges without the merger with Members Advantage.
A big change will be River Valley’s ability to offer business loans, since many of its members are small businesses, but the credit union has been unable to offer such loans, Morse said. “It’s great news for River Valley Credit members,” he said.
Lost Or Stolen Debit/credit
If you have lost your Debit Card, former MACCU members please call 1-800-528-2273 and former RVCU members please call 1-800-500-1044 immediately to report it. Then call the Credit Union during regular office hours to discuss your options.
If you have lost your VISA® Credit Card, please call 1-800-433-0505 immediately to report it. Then call the Credit Union during office hours to discuss your options.
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For Our Former River Valley Credit Union Members
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Our online and mobile banking system is undergoing a system upgrade and will be unavailable beginning on Friday, April 29, at 3 p.m. We expect the upgrade to your online and mobile banking services to be completed by mid-day on Monday, May 2. Thank you for your patience as we enhance your digital banking experience!
Beginning on Friday, April 29, at 3 p.m., our online and mobile banking system will be unavailable for a system upgrade. You will be able to access online and mobile banking when the upgrade is completed on Monday, May 2. We apologize for the inconvenience and thank you for your patience as we enhance your digital banking experience.
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Frequently Asked Questions regarding River Valley Credit Union
Where are River Valley Credit Union’s Headquarters?
River Valley Credit Union’s Headquarters are in Po Box 8366 ,Brattleboro,Vermont,United States
What is River Valley Credit Union’s phone number?
River Valley Credit Union’s phone number is +1 802-254-4800
What is River Valley Credit Union’s official website?
River Valley Credit Union’s official website is https://www.rivercu.com
What is River Valley Credit Union’s Revenue?
River Valley Credit Union’s revenue is $1 – 10M
What is River Valley Credit Union’s NAICS code?
River Valley Credit Union’s NAICS code is 522130
How many employees are working in River Valley Credit Union
River Valley Credit Union has 11 employees
What is River Valley Credit Union’s Industry?
River Valley Credit Union is in the industry of Banking
Who is River Valley Credit Union’s CEO?
River Valley Credit Union’s CEO is Jeff Morse
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