Members of BrightBridge Credit Union and Springfield-based Arrha Credit Union this week voted in favor of merging the two financial organizations under the BrightBridge umbrella.
Arrha Credit Union will keep its name but become a division of BrightBridge Credit Union. The newly merged credit union will have 23 retail branches, combined assets of nearly $2.4 billion and approximately 125,000 members.
“Our member vote marks an exciting new chapter for both BrightBridge and Arrha members,” said BrightBridge President and CEO John J. Howard. “By combining our strengths, we are building a stronger credit union that remains deeply committed to delivering exceptional service, expanding access to competitive financial products and investing in the communities we proudly serve.”
Arrha President and CEO Mike Ostrowski added, “This partnership will create more value and opportunity for both our staff and members, and for that we are so grateful to have cleared this hurdle.”
The merger is expected to be final Jan. 1, pending regulatory approval.
In 2019, 2020 and 2023 and 2025, BrightBridge completed mergers with Bridgewater Credit Union, Ocean Spray Employees Federal Credit Union, RTN Federal Credit Union and Cabot Boston Credit Union.