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CU System
Longs Peak members vote to merge with Elevations CU
BOULDER, Colo. (5/27/10)--Members of Loveland, Colo.-based Longs Peak CU Tuesday approved a merger with Boulder, Colo.-based Elevations CU, during a special membership meeting. The merger also has been approved by the Colorado Division of Financial Services and the National Credit Union Administration. The merger becomes final June 1, bringing the number of Elevations members to 84,000 with total assets of more than $955 million. The merged credit unions will operate under the Elevations name, with Gerry Agnes continuing as president/CEO. Lisa Cortese, president/CEO of Longs Peak CU, will become vice president of the Loveland market. “Our members have always been supportive, and this vote confirms their continued desire to see our credit union grow and prosper for years to come,” Cortese said. “As soon-to-be members of Elevations CU, they’ll discover that they made the right decision.” Elevations CU was formed in 1952 serving faculty and staff of the University of Colorado, Boulder, and serves more than 80,000 members with assets of more than $937 million. Longs Peak CU was established in 1953 as Loveland’s first credit union, serving the entire community. It has 4,000 members and assets of $20 million.


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