Westerra Credit Union of Denver announced today it expects to top $1 billion in assets and 88,000 members by July 1 when it finalizes a merger with $163 million Jeffco Schools CU of Lakewood; Jeffco members approved the merger Thursday.
"Jeffco, which represents the largest school district in Colorado is a credit union with a good story, tremendous growth and a positive net income and saw the efficiencies available through a merger," explained C. Alan Peppers, president/CEO of Westerra.
Jeffco, with 20,000 members, had also been without a CEO for several months as it planned for the eventual merger previously approved by regulatory agencies and the boards of both CUs.
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"This was a great vote of confidence from Jeffco members and a great day for the entire Westerra Credit Union family," Peppers said in a formal statement. "This alliance enables us to offer local financial resources in our community through more locations, enhanced technology, a high level of service, and more convenience all around."
After the merger, Westerra members will have access to 11 branches across the metro area, as well as 150 Colorado service center locations and 800 surcharge-free ATMs.
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