BOULDER, Colo.—Two credit unions here say they have been given the go-ahead by state and federal regulators to proceed with a merger.
When the merger between Premier Members FCU and Boulder Valley CU is complete it will create the state’s seventh-largest CU with $820 million in assets and 65,000 members. Under the merger agreement, Premier Members will be the surviving name, but it will be merging into Boulder Valley’s state charter due to broader FOM powers, including a community charter. Members of Premier Members will vote on the merger April 28 at a special meeting. The merged board will include 16 members; no staff lay-offs are planned.