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We are excited to share important news.
As part of our commitment to bring you more value, products and services from your credit union, your Board of Directors has agreed to pursue a cooperative partnership with Nutmeg State Financial Credit Union.
For nearly 90 years, CrossPoint has been here for the sole benefit of serving you, our member-owners. We look forward to taking this next step of partnering with another Connecticut credit union that shares our values and member service commitment with one very clear and simple goal: To better serve you and your financial needs.
About Nutmeg
Founded in 1936, Nutmeg is a local Connecticut credit union offering multiple branches, industry-leading technology, and a comprehensive suite of financial products and iservices. This merger is a unique opportunity to partner with one of the strongest credit unions in the state, ensuring safety and security for your accounts with the same personalized service.f
Nutmeg + CrossPoint: More For Every Member
Together, we will remain focused on continuing our heritage, member relationships, and community programs while bringing you much more from your credit union.
- Our branches & ATMs will remain open PLUS 8 new Connecticut branches & 30,000 fee-free ATMs
- Dedicated Call Center & Live Chat
- More low-rate loan options
- Expanded digital & mobile banking services
- Full-Service Business Banking & Lending programs
- New Checking options with cash back & ATM fee rebates
- Higher deposit rates & fewer fees
- Enhanced credit card rewards program
- Financial Planning & Investment services
- Insurance services
And rest assured, your accounts will continue to be federally insured through the National Credit Union Share Insurance Fund, a U.S. Government Agency – just as they are today.
What’s Next?
Following regulatory approval, we will ask members to vote on our partnership — and we hope you support this opportunity. It will be business as usual for the time being without any changes while we go through the approval process. We will keep you updated about our progress and what it means to you in the coming months.
Questions?
We want to hear from you! Please contact us at (203) 288.1695 or merger@crosspointfcu.org with any questions.
Comments on the proposed Nutmeg + CrossPoint Merger
Frequently Asked Questions
Very simply, we want to bring members more from their credit union — more branches, more products and services, and more convenience. We know it would take us years to grow to the point where we could offer members all the benefits this partnership will immediately bring. Together, we can offer you much more from your credit union – with the same personal service, commitment to our community, and cooperative heritage.
Founded in 1936, Nutmeg is a federally insured, full service $700 million Connecticut credit union with 8 community branches and an excellent capital ratio. Nutmeg is one of the strongest credit unions in the state, providing safety and security for your accounts with shared cooperative values and a deep commitment to its members and communities.
This exciting partnership is solely to benefit you. After the merger is complete, members will have 12 branches, 30,000+ fee-free ATMs, and many new products and services members have been asking for — including more checking options, new loan options, financial planning, insurance services, and business banking, to list just a few benefits.
Nutmeg CEO John Holt will be CEO of our combined credit union. CrossPoint CEO Darlene White will remain with the combined credit union, working with John in a strategic advisory leadership role.
Our branches and ATMs will remain open with the same team members, dedicated to serving the needs of our members and communities, just as we do today.
Our desire is to retain all staff with our combined credit union following integration and we are not planning job cuts or layoffs.
You will see the same friendly faces with the same personal service. The reason our two cooperative credit unions are proposing this partnership is to better serve our member-owners and your unique needs.
You will have many more products and services to choose from after the merger. We will send you detailed information about all the new products and services available to you after all approvals have been received.
Your accounts will remain safe, sound and federally insured through the National Credit Union Share Insurance Fund, a U.S. Government Agency, just as they are today.
We will continue to operate under the CrossPoint name until we combine our credit union core systems, which we estimate would be in April 2026. After that, we plan to transition to the Nutmeg name.
Not yet. We’ll let you know as soon as these branches and new services are available for you to use after all approvals have been received.
We will take the time to ensure the integration between our credit unions is as seamless as possible so you can conduct business as you always have – with many more products and services to choose from.
After we receive regulatory approval, we will ask members to vote on the merger. We hope you will give your approval for this exciting partnership opportunity. Assuming all approvals are received, we hope to have the merger finalized later this year.