Members of the $139 million USU Charter Federal Credit Union inLogan, Utah have approved merging with the $849 million GoldenwestFederal Credit Union in Ogden, Utah.
|Their boards approved the merger earlier this summer. Consolidation meansGoldenwest FCU will manage $987 million in assets, serve more than106,000 members and operate 26 branches across northern Utah.
|“We congratulate everyone involved at both Goldenwest and USUcredit unions for their diligence and hard work during the mergerapproval process,” said Kerry H. Wahlen, Goldenwest president/CEO. “We extend a warm welcome to all USUCredit Union members and employees who are now part of theGoldenwest family.”
|The credit union received merger approval from the NCUA earlierthis month. USU Charter FCU members voted to approve the merger onAug. 22.
|USU FCU branches will maintain their familiar brand in CacheValley, staying true to their roots as an affiliate of Utah StateUniversity, the credit unions said. The 56-year-old credit unionwill operate as a division of Goldenwest Credit Union.
|The credit unions will officially merge by combining financialdata on Oct. 1. However, they will maintain two separate computersystems for a few months as they prepare for the eventualintegration of systems.
|Full integration of accounts, products and services is expectedto take place during the first quarter of 2014, the credit unionssaid.
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