As part of its metro Denver expansion, the $975 million Elevations Credit Union of Boulder is making plans to merge with the nearby $80 million St. Vrain Valley CU of Longmont.

Both CUs are healthy and well-capitalized, with St. Vrain choosing the merger route to expand a product line that would include mortgages offered by Elevations, the state's fifth-largest credit union.

The planned merger is subject to approval of the St. Vrain membership and regulators.

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