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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