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CU System
Jeffco CU members vote to merge with Westerra CU
DENVER (5/11/09)--The membership of Jeffco CU--a credit union serving Colorado’s largest school district, Jeffco Public Schools--voted by a margin of 90% to merge with Denver-based Westerra CU. The vote Thursday was the final step for merger approval. The proposed merger already was approved by state and federal regulators and both credit unions’ boards of directors. “This alliance enables us to offer local financial resources in our community through more locations, enhanced technology, a high level of service and more convenience all around,” said C. Alan Peppers, president/CEO of Westerra CU. Through Westerra CU, Jeffco members will have access to 11 branches across the Denver metro area and 150 Colorado service center locations and 800 surcharge-free ATMs. The combined credit union will have over $1 billion in assets and serve 88,000 members when the merger is effective July 1. Peppers will continue as Westerra president/CEO. The full integration of Jeffco CU operations will take place throughout the second half of 2009. Connie Ephland, chairman of Jeffco CU, said that both credit unions share a commitment to financial education through classroom presentations, online financial literacy tools, college scholarships, and providing resources for members to help with their financial decisions.


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