If you couldn’t make it to our annual meeting, don’t worry. Here is everything that you should know about what we covered last night.

Our Name is Changing

Last night we officially revealed that we will be changing our name from Woburn Municipal Federal Credit Union to Common Trust Federal Credit Union (CTFCU), effective on May 1, 2019.

The name change is part of the credit union’s effort to continue expanding our product and service offerings to best support those living in Woburn and the surrounding communities. The new name will more accurately reflect our mission of being an inclusive and trustworthy financial partner for our members throughout their lifetime.

In a video presented to the meeting’s attendees, President and CEO, James McCorkle, revealed the new name and the new tagline, “Familiar Faces Invested in You.” The name and the tagline were both chosen to capture our unchanging core values of being the friendly faces that guide members to financial success. All of our core principles, our staff, and our services will remain the same once the new name goes into effect.

“We recognize that as the consumer finance industry changes, we have to change along with the times. We remember who we are and where we came from, but we want to include what we need to get to the next steps,” said McCorkle as he addressed the meeting’s attendees.

New & Improved Website

Once the name goes into effect on May 1st, members can expect to see it on all signage at the branch and on online. On May 1st, we will also be launching a re-designed website. The new and improved website will be easier for members to navigate to find the products, services, and promotions they are looking for. In addition, the website will be easier for users to view on their mobile devices. Once it is launched, members will be able to view the site at commontrustfcu.org.

Other Announcements

During the meeting, board members, William McGrath and Jane O’Connor, were re-elected, and the recipients of WMFCU’s college scholarships were announced. The two graduating high school seniors, Nora Martyny and Lia Kelly, were awarded scholarships for $1,000 each. Both students will be graduating from Woburn High School with 4.77 GPAs and as members of the National Honor Society. Martyny will be attending Northeastern University to study biology, and Kelly will be attending Worcester Polytechnic Institute to study biology.

McCorkle also announced last night that WMFCU will be holding it’s first Shred-It event and it’s second annual Child Safety event on June 1st. During the Shred-It event, members will be able to bring documents to the credit union and shred them for free.

Thank you to all of our members, staff, and board of directors for the continued support and dedication. We look forward to all of the exciting changes coming in 2019, and we can’t wait to continue growing and improving our services throughout the course of this year.