Wilton credit union taken over by Shelton counterpart
Mutual Security Credit Union is absorbing Wilton-based Merritt Federal Credit Union, with the latter nonprofit providing banking services to more than 2,300 employees of more than 30 organizations including Frontier Communications and AT&T, the current and former owners of Southern New England Telephone.
Chartered in 1941, Merritt Federal Credit Union manages assets today of about $12 million under CEO Diane Heggland.
Shelton-based Mutual Security had nearly 28,000 members at last report, and assets of $315 million.
Alex.Soule@scni.com; 203-842-2545; @casoulman