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Colorado CU Brighton FCU boards OK merger
LITTLETON, Colo. and BRIGHTON, Colo. (3/1/10)--The Board of Directors for Colorado CU, Littleton, Colo., and Brighton (Colo.) FCU unanimously approved a merger between the two credit unions. The National Credit Union Administration and the Colorado Department of Financial Services authorized the merger, which was effective Dec. 1. The merger creates a credit union with more than $100 million in assets and three branches, serving more than 8,500 members. Members, assets and employees will be integrated under the Colorado CU name, its state charter status. It will serve eligible multiple select employee groups and Littleton residents. “When evaluating this merger opportunity, it quickly became evident how both memberships would benefit from uniting these two strong credit unions,” said Mike Williams, Colorado CU president/CEO. He noted the credit union will serve the Brighton membership and the Brighton community “with expanded services and competitive rates.” In addition to expanded products and services, the credit union will maintain financial stability and excellent member service, said Roxene Auen, Brighton FCU’s former president and new Colorado CU Brighton branch manager.


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