SACRAMENTO, Calif. — Capital Power Credit Union has announced plans to merge with SAFE Credit Union.
The proposed merger is expected to be completed by the end of this year pending approval of regulatory agencies and a merger vote by Capital Power members in mid- July. The $50 million Capital Power serves 5,500 members while the $1.4 billion SAFE serves 121,000 members.
The merger was “motivated by a desire to solidify the financial security of all its members while connecting them with enhanced products and services,” according to both CUs. Capital Power started searching for a merger partner earlier this year and selected SAFE from a field of 48 credit unions.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 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.
