Important Merger News
Better Together
Dear Members:
We’re excited to announce that the membership of First Bristol Federal Credit Union approved a resolution to merge with Nutmeg State Financial Credit Union on May 22, 2024. This vote was the final approval to combine our two credit unions with a common goal and purpose – to provide members with the very best personal service and financial products. We want to thank all the members who made your voice heard through your vote.
First Bristol and Nutmeg share a long history of making a positive difference in the lives of our members. Through this partnership, we’re honored to continue that legacy and bring you and your family the most value for your membership with many new benefits. We invite you to visit Nutmeg’s website at nutmegstatefcu.org to see all the products and services your new credit union will offer you beginning early next year.
For right now, please continue to conduct your financial transactions as usual. There will be no changes until we combine our credit union systems in January 2025. You will receive important information late this year about our integration plans and all the new benefits and branches that will be available to you starting next year. Please rest assured that we’ll be with you every step of the way to make this transition as easy and smooth as possible.
We welcome your questions and feedback and have attached more information about what this merger means to you. Please don’t hesitate to contact us at 860.584.0956 or bettertogether@firstbristol.org if you have any additional questions.
We want to thank you for your continued loyalty. We are truly Better Together and couldn’t be more excited about our future!
Sincerely,
Mark Cornacchio John Holt
President/Chief Executive Officer Chief Executive Officer
First Bristol Federal Credit Union Nutmeg State Financial Credit Union
Questions?
View our Merger FAQs below. If you aren’t able to find the answer you are looking for, please don’t hesitate to contact us at 860.584.0956 or bettertogether@firstbristol.org.
Merger FAQs
Through the remainder of this year, you should continue to conduct your financial transactions as usual. Your accounts will be transferred to Nutmeg after we combine our credit union systems, which is currently scheduled for January 18-20, 2025. After that, you will be able to take advantage of all the new branches, products, and services of our combined credit union.
For the time being, it’s business as usual and you don’t need to take any action. We will let you know about any changes or actions you need to take well in advance as we go through the process of integrating our credit union systems early next year.
There will be no changes to your accounts until we combine our credit union systems in January 2025. We will work hard to make the integration as easy as possible so you can conduct business as you always have. Please look for important information late this year about how your accounts will be impacted, what you need to do, and how you can take advantage of all the new branches, products and services available to you.
There will be no changes to your member number right now. We are still in the planning process for integrating our credit unions and don’t know yet if there will be changes to your member number after we combine our systems in January. If there will be changes, we will let you know well before they are made.
There are no plans to make any changes at our Bristol branches. Our branch hours and staff will remain the same.
Not yet. We first need to convert First Bristol member information to Nutmeg’s database so we can access your information when you visit a Nutmeg branch. You will have full access to all the Nutmeg branches after we combine our systems in early 2025.
Please continue using your checks through the remainder of the year. We are still working out the details around whether there will be a need to issue new checks after we combine our credit union systems in January.
You will not need to open a new account with Nutmeg. When we integrate our systems in early 2025, all existing First Bristol accounts will automatically transfer to Nutmeg's system.
Please use your existing cards through the rest of this year. You will receive Nutmeg Mastercard Debit cards with a new card number late this year that you can begin using after we combine our systems in January. These cards will also have tap-to-pay functionality as an added benefit.
Yes, your transfers will continue without interruption.
You will not need to make changes to your direct deposits -- they will continue to be processed as they are today.
We will honor all rates and terms on certificates of deposit that you have with First Bristol.
Members’ existing loan agreements will transfer to Nutmeg with the same rates and terms as you have today.
Please continue mailing your deposits and loan payments to the same location. We will notify you of any address changes well in advance.
Our current telephone numbers, emails and website will stay the same through the remainder of 2024. We’ll let you know of any changes well in advance of integrating our credit union operations and systems in January 2025.
Not quite yet. First Bristol members will be able to take advantage of Nutmeg’s products and services after we integrate our systems in January 2025. You’re always welcome to become a member of Nutmeg if you’d like to take advantage of their products and services this year.
Your accounts will remain safe, sound and federally insured through the National Credit Union Share Insurance Fund (NCUSIF), a U.S. Government Agency, as they are today.