Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Security Service FCU to acquire Colorado-based CU
SAN ANTONIO, Texas (7/15/10)--Security Service FCU, San Antonio, Texas, has entered into a management agreement to acquire a Colorado-based credit union. The board of Norbel CU, Fort Collins, Colo., decided that the credit union should be acquired by another credit union. “They talked with several credit unions and selected Security Service,” John Worthington, Security Service vice president, told News Now. The two entered into a management agreement June 18 for the acquisition, which is subject to regulatory approval. Security Service has several staff members currently overseeing operations at Norbel. Security Service will have 19 locations in Colorado with Norbel’s five branches. Security Service has 36 service centers in Texas. “We’re already in Denver, Colorado Springs, and Pueblo,” Worthington said. The acquisition will expand Security Service’s presence in its “mountain region,” he added. Security Service has $5.6 billion in assets. Norbel has assets of $129 million.


RSS





print
News Now LiveWire
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
2 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
2 hours ago
#Jobless claims duck under 300K for 3rd straight week #Market #Economy http://t.co/jOsZWf9HNJ
2 hours ago
62% worry about financial stability: @CUNAMutualGroup study http://t.co/5jCM1I1hnA
3 hours ago
.@nytimes reports Sen. Harry Reid, Senate Democratic leader since 2005, will not seek re-election next year,
5 hours ago