Texas CU Giant Buys IntoDenver

October 12, 2004, 1:00 a.m. EDT 1 Min Read

DENVER - (10/11/04) -- San Antonio-based Security ServiceCU said Friday it has acquired Diakonia CU, expanding its Coloradopresence and giving it its first Denver branch. The $3.4 billioncredit union already operates six branches in Colorado. SecurityService acquired the financially ailing Diakonia, a $38 millioncredit union serving 13,200 members that had been taken underconservatorship by the Colorado Division of Financial Services,under a purchase and assumption agreement.

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