Oklahoma Employees Credit Union of Oklahoma City has completed its merger with the $10 million OKC Thrift CU, increasing Oklahoma Employees' total assets to $310 million.
The consolidation, which has been in the works since last summer, was formally approved in October and made effective Nov. 2.
"OKC has had a healthy balance sheet, but they came to us realizing we could offer a broader portfolio of products and services to their membership," said Jennifer Lown, director of marketing at Oklahoma Employees, which has 45,000 members.
OKC, a single-sponsor CU with 1,400 members, has been serving employees of OPUBCO, the publisher of The Daily Oklahoman and other newspapers.
Oklahoma Employees holds a community charter and was started in 1954.
The consolidation, which has been in the works since last summer, was formally approved in October and made effective Nov. 2.
"OKC has had a healthy balance sheet, but they came to us realizing we could offer a broader portfolio of products and services to their membership," said Jennifer Lown, director of marketing at Oklahoma Employees, which has 45,000 members.
OKC, a single-sponsor CU with 1,400 members, has been serving employees of OPUBCO, the publisher of The Daily Oklahoman and other newspapers.
Oklahoma Employees holds a community charter and was started in 1954.
