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CU System
St. Vrain Valley and Elevations merger approved
BOULDER, Colo. (9/21/11)--St. Vrain Valley CU, Longmont, Colo., and Elevations CU, Boulder, Colo., Tuesday announced regulatory approval of their pending merger. With due diligence completed, St. Vrain has a green light for its member vote. The National Credit Union Administration and the Colorado Department of Financial Services have given approval to proceed with the final merger requirement--a vote by St. Vrain members to merge with Elevations. The vote is scheduled for Monday. St. Vrain has $81.3 million in assets, and Elevations has $966.3 million in assets. “Our organizations are working very closely together in anticipation that members will vote ‘yes’ to combining our two credit unions,” said Eva Gaudio, president/ CEO of St. Vrain Valley CU, and Gerry Agnes, president/CEO of Elevations CU, in a combined statement. “Individually, our credit unions are quite strong, yet we both fully realize that we will be far stronger together, and we look forward to providing improved service and convenience to our combined membership in early October.”


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