DENVER - DPS Credit Union and Safeway Rocky Mountain FCU aremoving ahead with a proposed merger, having now won both state andfederal regulatory approval with a final membership vote by Safewaymembers in June. The combined organization, slated to be effectiveOct. 1, would become the third largest CU in the state with assetsof $720 million. "We don't have a new name yet, but we have hiredAmelie Co. of Denver to develop a name, branding and a new logo,"said Duane Bruno, chief operations officer at DPS. The DPS/Safewaymerger has been in the works for more than a year and according toa release, it "grew out of strategic planning sessions and talksamong the all-volunteer, unpaid boards of directors and managementteams of both organizations."

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.