After a six-month merger process, the $194 million Rio Grande Credit Union in Albuquerque, N.M. figured it would be a good time hold a celebration.
On Saturday, Rio Grande CU held a free community fitness and financial fair to celebrate its merger with the 2,500-member New Mexico Central Credit Union, which was finalized when the conversion completed in December. The event, attended by more than 400 people, was held at NMCCU’s sole location.
“Our fitness fair gave us the opportunity to recognize the healthcare professionals that NMCCU has served for so many years and gives the community a chance to start their new year off right – physically and financially,” said Dohnia Dorman, assistant vice president for marketing at Rio Grande CU.
In addition to food, entertainment and giveaways, event visitors received free wellness screenings and had the opportunity to meet with RGCU account relationship officers for financial education. Twenty-five visitors became new members of RGCU as well.
The merger is part of RGCU’s long-term business plan and growth strategy. In addition to the merger with NMCCU, VA Employees Federal Credit Union merged into RGCU in 2005.
“This expanded scope of potential new members is the most profound outcome of the (NMCCU) merger and change to the credit union,” said RGCU President/CEO Chris Fitzgerald. “Being able to serve these new demographics will further develop and improve the credit union.”
Under Fitzgerald’s leadership, RGCU has grown from $43 million in assets to $228 million in assets over the last 10 years.
This year, the 21,139-member RGCU is observing its 60th anniversary.