Three-Way Merger Forges New CUGiant
DENVER - (12/08/05) The $176-million Gateway Credit Unionsaid it plans to merge with two other Colorado credit unions thatare wrapping up a merger of their own. Gateway will join with$565-million DPS Credit Un-ion, which earlier this year merged withSafeway Rocky Mountain Credit Union. Together, the credit unionsserve Denver and its southern, western and eastern suburbs. GatewayCU members will vote on the merger with DPSCU/SRMCU in June, 2006.The combined organization will have approximately $890 million inassets and 76,400 members, and is expected to take another year tocomplete. The credit unions reported they are currently finalizinga name change.