Canvas Credit Union, Western Rockies Federal Credit Union celebrate approval for partnership
DENVER , CO (January 4, 2022) — Canvas Credit Union, one of Colorado’s leading credit unions serving communities across the Front Range for more than 82 years, and Grand Junction-based Western Rockies Federal Credit Union (Western Rockies FCU) are pleased to announce the official approval of their merger. Following the credit unions’ announcement of their proposed partnership in November, Western Rockies FCU members voted in favor of the business combination on Dec. 30.
With approval now in place, the credit unions celebrate the opportunity to bring together the best of the Front Range and Western Slope by broadening the Western Slope’s access to leading financial services, enhancing community involvement in the area, and expanding the Canvas family.
The process for integrating Western Rockies FCU into the Canvas brand and operating structure will now begin and progress throughout 2022. Western Rockies FCU’s three branches in Grand Junction, Rifle and Fruita remain open to serve members and Canvas is thrilled to officially welcome to its family Western Rockies FCU’s more than 40 team members.
Canvas’ immediate plans include gathering input from Western Slope community members, to infuse with its industry-leading model. The credit unions will take the majority of the year to carefully execute the integration plans, with the intention of ultimately delivering an enhanced and tailored experience to best fit the Western Slope community’s needs. Canvas Credit Union is committed to open and transparent communication with its Western Slope members throughout the integration process, to ensure all needs are well supported.
Canvas also plans to explore opportunities to open more branches along the Western Slope and will launch its four pillars of community giving – schools, families, veterans, first responders – directly within the community to support the region’s greatest needs.
About Canvas Credit Union
Canvas Credit Union is a safe and insured financial institution with over $4.5 billion in assets and more than 300,000 members. Canvas provides a full array of financial products and services, including savings, checking, loans, mortgages, and online and mobile banking options. Serving Colorado communities for more than 85 years, Canvas currently has 35 branches and is well recognized for its people, its heart, and its commitment to community.
About Western Rockies Federal Credit Union
Western Rockies Federal Credit Union has an 85-year legacy serving the Western Slope, with more than $150 million in assets and more than 14,000 members. The not-for-profit, member-owned and federally insured financial institution’s corporate office is located in Grand Junction, with branches in Rifle and Fruita. Following the member vote on Dec. 30. 2021 approving the combination with Canvas Credit Union, Western Rockies FCU is in the process of integrating to join the Canvas family.
