VACAVILLE, Calif. -- A merger between Travis Credit Union and Napa Valley Schools Federal Credit Union is targeting March 31, 2007 for completion.
The merger, which NVSFCU members approved on Dec. 18, adds more than $16 million in assets to TCU.
As a result of the merger, TCU will serve the 3,500 members and their families from the Travis Credit Union Napa Valley Schools branch. The office that NVSFCU currently owns will become a branch of Travis CU.
All NVSFCU staffers will continue with Travis CU at the existing branch. Plans include the addition of more staff to this location to support Saturday hours and the expected increase in business by opening the branch to the existing 1,900 TCU members in the area.
"Travis Credit Union was identified as the ideal merger partner because they share our focus on quality member service, they have a long and proven history of financial stability, they are highly committed to giving back to the communities they serve, they've invested in a financial education program with high schools, and they offer multiple regional locations to serve our members," stated NVSFCU President/CEO Marlene Myers.
Travis CU has over $1.5 billion in assets and serves more than 145,000 members.