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Merger Notice

THE COMMONWEALTH OF MASSACHUSETTS
Division of Banks

ST. JEAN’S CREDIT UNION (ST. JEAN’S), Lynn, Massachusetts has petitioned the Commissioner of Banks
for permission to merge with GREATER SALEM EMPLOYEES FEDERAL CREDIT UNION (GREATER
SALEM), Salem, Massachusetts. Under the terms of the Merger Agreement, GREATER SALEM will merge with
and into ST. JEAN’S under the charter, bylaws, and name of ST. JEAN’S. The main office of ST. JEAN’S would
remain the main office of the continuing credit union and the sole banking office of GREATER SALEM would
not be retained as a branch office. Any objections or comments relative to this proposal must be communicated in
writing to the Commissioner of Banks, 1000 Washington Street, 10th Floor, Boston, Massachusetts 02118 or via
electronic mail to dob.comments@mass.gov no later than February 1, 2023. A public hearing may be held if the
response is considered significant or circumstances warrant such a hearing, as determined by the Commissioner.
The petitioner’s application and all communications relative to this application are available from the Division by
request at dob.rao@mass.gov.

MARY L. GALLAGHER
Commissioner of Banks

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Whether you want to start the year with a new vehicle, or need a personal loan, or would like to start socking away some extra cash for the NEXT holiday season; Greater Salem Employees Federal Credit Union can help you accomplish these goals.

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It’s never been a better time to checkout all that GSEFCU has to offer. Stop paying those extra fees the big box banks charge and go local instead. GSEFCU has checking accounts with no monthly fees and only requires a $5.00 minimum balance. Consider opening a Christmas or Vacation Club account or start retirement savings with an IRA. Looking to remortgage your house or simply do a little remodeling in your home? Your credit union can help you get started.

Current Member?

If you’re currently a member, you’re already reaping the benefits but are you aware of all the services available to you? Check them out here. Be sure to tell your family and coworkers about us!

If you’re not a member, why not? See if you’re eligible to take advantage of the great services, products, and features of a Greater Salem FCU membership.