LITTLETON, Mass.— The $2.1-billion Hanscom FCU here and $200-million Alden Credit Union have decided to merge, HFCU announced.
Under the plan, Alden—based in Chicopee, Mass.—would become part of Hanscom and operate under the Hanscom name once the transaction closes, expected in the fourth quarter of 2026 pending regulatory approvals. Hanscom CEO Peter Rice would lead the combined organization, while Alden CEO Adam Corcoran would stay on as regional president to maintain local leadership in Western Massachusetts.
Together, the merged credit union would serve about 128,000 members, manage roughly $2.3 billion in assets, and operate 25 branches in Massachusetts, Maryland, and Virginia, including Alden’s two locations in Chicopee and Belchertown. All Alden employees would be retained, and branches would continue normal operations during the review process, Hanscom said.
Corcoran said Alden’s priority has always been its members and that the board sought a partner that would preserve local relationships while expanding tools and resources. He added that the partnership would keep Alden rooted in its community while giving members access to broader financial-wellness programs and innovative services.
Rice framed the deal as a mission-aligned partnership, saying Alden has built a strong legacy of trust that Hanscom intends to support and build upon. If approved, members of both credit unions would gain wider branch and ATM access, continued digital investment, greater lending capacity, free certified financial coaching, and stronger long-term financial stability.