WESTMINSTER, Colo. — The $28 billion WesCorp, San Dimas, Calif.and the $4 billion SunCorp located here announced merger planstoday.

SunCorp CEO Tom Graham told Credit Union Times thatSunCorp evaluated a number of scenarios to survive and thrive inthe future. For example, the corporate analyzed making more mergersand even selling parts of its business to become more efficient.SunCorp is no stranger to mergers. It completed two successful onesvery close together with the corporates in Nebraska and Utah, butGraham said given the recent corporate consolidation, intensecompetition, and overall economies of scale a merger with WesCorpmade the most sense.

Graham said SunCorp members can expect to realize $8 to $10million in benefit from this merger.

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