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."
DPS/Safeway Merger in Colorado Wins Regulatory OK
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!