PASADENA, Calif. – Wescom Central CU yesterday announced its Wescom Resources Group CUSO has agreed to acquire eCU Technologies, the technology and consulting business owned by Pennsylvania State Employees CU.
Wescom Resources Group, which provides technology solutions for credit unions, will combine its operations with that of eCU Technologies, which provides loan processing, check imaging and management services for credit unions. The deal is supposed to close by year-end.
Wescom Resources had appointed Tim Dolan, who was vice president for facilities and administrative services for the credit union, as its new CEO. Prior to that, Dolan managed operational divisions at AT&T and Avaya for more than 25 years.
PSECU founded eCU in 2001 and has grown it to serve 130 credit unions.
Financial terms of the deal were not disclosed.
