Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Elevations St. Vrain to merge
LONGMONT, Colo. and BOULDER, Colo. (7/25/11)--St. Vrain Valley CU, Longmont, Colo., and Elevations CU, Boulder, Colo., Thursday signed a letter of intent to merge, resulting in a local financial institution with roots in both Longmont and Boulder. The merger is subject to a “yes” vote by the members of the $81.3 million asset St. Vrain Valley CU. The merger also requires approval by the National Credit Union Administration (NCUA) and the State of Colorado, Division of Financial Services. If approved, the merger would take effect Oct. 1. Each credit union would operate separately until integration of the two organizations, which would require several months, is complete. The merger would mean added convenience for both memberships, with a total of 11 branches from Loveland to Westminster, and access to additional products and services. The $968.2 million asset Elevations CU began in 1952 serving faculty and staff of the University of Colorado-Boulder. St. Vrain Valley CU opened in 1954 to serve the St. Vrain Valley School District. Once the merger is approved, the organizations would operate under the Elevations name, with Gerry Agnes continuing as president/CEO. Eva Gaudio will join Elevations’ senior executive team, and two St. Vrain board members will sit on the combined board of directors. Full integration of the two operations would take place during the spring of 2012.


RSS





print
News Now LiveWire
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
19 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
20 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
21 hours ago
You can get your subscription to @cuna 's free, daily, online #creditunion #news service News Now here: http://t.co/YtUejEmAYP
21 hours ago
CCUA hosts @TheNASCUS college for #creditunion directors http://t.co/CftpSXDKWx
1 day ago