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CU System
St. Vrain Valley members OK merger with Elevations CU
BOULDER, Colo. (9/28/11)--In a special membership meeting Monday, members of St. Vrain Valley CU, Boulder, Colo., gave their stamp of approval to merge with Elevations CU, also based in Boulder. The announcement of the majority yes vote gives the final go-ahead to consummate the merger, which will be effective Saturday. "It was an exciting day for our board, our management and in particular our staff," said Eva Gaudio, St. Vrain president/CEO. Full integration of the two credit unions' systems likely will take several months, said the credit unions. Once the merger is complete, St. Vrain members will be able to use all Elevations branches across the Front Range of Colorado and services on the same platform. All member deposits will continue to be federally insured up to $250,000. Gerry Agnes, Elevations president/CEO said, "We feel honored to have earned their trust to bring St. Vrain into the Elevations family, and we will make sure our new Longmont constituency enjoys the highest quality of service and product offerings that everyone has come to expect from our organization." St. Vrain Valley CU will become part of Elevations CU, overseen by the Elevations board of directors and Agnes. Gaudio will join Elevations' executive team as senior vice president of government and student affairs. All St. Vrain employees will become Elevations employees.


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