White Crown Federal Credit Union members approve merger with Colorado Credit Union
DENVER, CO (October 4, 2022) — Denver-based White Crown Federal Credit Union members overwhelmingly approved to merge with Colorado Credit Union, a Littleton-based credit union serving the front-range since 1973. The merger vote took place September 30 and became effective October 1, 2022.
Prior to the member vote, the merger was unanimously approved by both credit unions’ boards and has received approval from both the State of Colorado and the National Credit Union Administration. System integration is expected to be completed in late January of 2023.
“Colorado Credit Union has built a foundation of success on its strong financial standing, a diverse product portfolio and its commitment to both its members and the communities it serves,” said Kerry Spradling, White Crown president and CEO. “When evaluating merger opportunities, thoughtful consideration was given to selecting a credit union that will continue building upon White Crown’s more than 70-year legacy of service. I am confident that Colorado Credit Union is the right fit for our members, and I’m thrilled our members agree.”
The merged credit unions will operate under the Colorado Credit Union brand and all White Crown FCU staff will be retained and welcomed into the CCU family. The merger creates a combined financial cooperative with projected assets of $378 million, 70 employees, 4 branches and more than 26,000 members.
“It is an honor to welcome White Crown members and staff into the Colorado Credit Union family. I am thankful to Kerry, the White Crown board, and its members for the confidence in Colorado Credit Union’s ability to meet their growing financial needs,” said Mike Williams, Colorado Credit Union president and CEO. “In the current financial landscape, mergers offer a unique opportunity to enhance the financial offerings of a credit union allowing us to better serve our members.”
Under Williams’ leadership as president and CEO, the merger positions both credit unions for long-term growth while combining resources, staff, and expertise. White Crown members will benefit from enhanced banking technology, an in-house mortgage team with a diverse selection of products, and three additional branches located throughout the Denver-metropolitan area.
About Colorado Credit Union
Colorado Credit Union serves employee groups, residents and family members in Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Jefferson and Weld Counties. Colorado Credit Union, originally chartered in 1973, is a member-owned, not-for-profit financial cooperative committed to providing for the financial success of all members. We offer competitive products such as checking accounts, loans, mortgages, online banking and more. We are a part of the Shared Branching Network. For more information, visit http://www.ccu.org.
