UNIFY Financial Credit Union in Torrance, Calif., received the final green light necessary to move forward with its acquisition of Eagle Credit Union in Lodi.
The $2.2 billion-asset UNIFY announced in a press release Monday that Eagle CU’s members approved the merger by an “overwhelming majority vote.” Eagle CU members will transition to UNIFY in early July, and the integration is scheduled for October.
The $20 million-asset Eagle CU’s two branches, in Lodi and Stockton, will remain open and all staff will join UNIFY, which has nearly 50 branches in 13 states. UNIFY Financial is in the process of transitioning from Western FCU to its new, less regional-sounding name.
Among the benefits of the merger for Eagle CU members is a nationwide branch network and 24/7 telephone Contact Center.
“We’re now ready to move forward with this tremendous opportunity to deliver more value to our members as well as expanded career opportunities for our employee team,” Dan Robertson, chief executive of Eagle CU, said in the release.
UNIFY CEO Gordon Howe said that the merger “will better serve our combined membership in Northern California with additional local branches, financial products, and services to meet their needs, supported by the resources of a full-service financial institution.”
UNIFY
