CHEYENNE, WY – Warren Federal Credit Union (WFCU) and Community Financial Credit Union (CFCU) announced a plan to merge. The Boards of Directors from both institutions approved the plan, pending completion of due diligence, regulatory approval, and an affirmative vote by CFCU members. The merger would become effective spring 2016.
“Along with my executive team, we have been preparing for this moment for a long time,” said Stephanie Teubner, President/CEO of WFCU. “This merger is a major win for WFCU and will allow both staff and members to continue growing together.”
When finalized, the merged credit union will begin doing business under a new name. The new credit union will exceed $800 million in assets and serve nearly 70,000 members through 11 full service branch locations in Cheyenne, Laramie, Fort Collins, Wellington, Broomfield and Boulder.
Greg Hill, President/CEO of CFCU is excited about the opportunity the merger presents. “CFCU has provided our members a unique approach to financial services including a loyalty program referred to as Relationship Rewards. This merger will help ensure we can continue providing great service and value well into the future.”
CFCU serves over 17,000 members in Broomfield, Boulder, Jefferson and Adams counties. WFCU serves over 50,000 members from Warren Air Force Base and numerous select employer groups in Wyoming and Northern Colorado.
Stephanie Teubner, CEO, Warren Federal Credit Union