SPRINGFIELD, Mo. (8/20/12)--Two Springfield, Mo.-credit unions--BluCurrent CU and Greater Ozarks Community CU (GOCCU)--have announced their intent to merge.
The merger, which has received approval from the Missouri Division of Credit Unions and the National Credit Union Administration, is expected to be finalized Aug. 31.
BluCurrent CU with assets of $140 million will be the continuing credit union.
The $6 million asset GOCCU's current branch in Springfield will remain open until BluCurrent CU opens a new Springfield branch in the fall.
"In recent months, it has become increasingly difficult to provide ever-changing financial products and services to our members and maintain a competitive edge within today's regulatory environment," said Al Wagner, Great Ozarks Community CU board chairman.