Members of a Western Colorado credit union have approved a merger expected to increased their access to financial products and services.
The Dec. 30 vote was the last step in the process to merge Western Rockies Federal Credit Union based in Grand Junction with Canvas Credit Union based in Englewood. The boards of the two credit unions previously approved the merger.
The process of integrating the 85-year-old Western Rockies Federal Credit Union into the Canvas brand is expected to continue through 2022 with the goal of tailoring operations to meet the needs of the more than 14,000 Western Colorado members.
The three Western Rockies Federal Credit Union branches in Grand Junction, Fruita and Rifle will remain open, and accounts will transition from Western Rockies Federal Credit Union to Canvas Credit Union. The 40 employees of Western Rockies Federal Credit Union will join Canvas Credit Union.
Kristi Porter, president and chief executive officer of Western Rockies Federal Credit Union, said before the vote she was excited about the benefits of the merger in offering more financial products and services to members.
Canvas Credit Union also plans to explore opportunities to open additional branches in Western Colorado as well as provide more support to community efforts — especially those involving schools, families, veterans and first responders.
The 82-year-old Canvas Credit Union operates a total of 30 branches throughout the Denver metropolitan area and northern Colorado with nearly 264,000 members and almost $3.5 billion in assets.
Todd Marksberry, president and CEO of Canvas Credit Union, said before the vote the merger offered a chance to expand beyond the Front Range. “The opportunity to welcome the Western Rockies Federal Credit Union members and team to our Canvas family opens the door to manifest even more positive change for people across Colorado.”