Embarking on its first merger, the $77 million NuVista Credit Union of Montrose, Colo. has agreed to take over the ailing Gunnison Western FCU effective Feb. 1.

For nearly eight months, NuVista has been acting on a request of examiners by assisting in management of the $4 million Gunnison CU, which has long been in the financial doldrums with depleted capital and an interim CEO, said NuVista officials.

The CU ran into problems on its real estate portfolio and has been operating under a document of resolution supervisory order, said Angela Halsey, NuVista's director of marketing.

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