DPS/Safeway Merger in Colorado Wins Regulatory OK
DENVER - DPS Credit Union and Safeway Rocky Mountain FCU are moving ahead with a proposed merger, having now won both state and federal regulatory approval with a final membership vote by Safeway members in June. The combined organization, slated to be effective Oct. 1, would become the third largest CU in the state with assets of $720 million. "We don't have a new name yet, but we have hired Amelie Co. of Denver to develop a name, branding and a new logo," said Duane Bruno, chief operations officer at DPS. The DPS/Safeway merger has been in the works for more than a year and according to a release, it "grew out of strategic planning sessions and talks among the all-volunteer, unpaid boards of directors and management teams of both organizations."