Colorado Credit Union Announces Acquisition

Englewood Federal Credit Union Joins Growing Financial Institution

DENVER, Co. (May 9, 2014) – Colorado Credit Union (CCU) has announced it has acquired Englewood Federal Credit Union. The merger brings the more than 600 members and $3 million in assets of Englewood Federal Credit Union under the Colorado Credit Union banner. After the merger, Colorado Credit Union has a membership base of more than 10,000 and assets of over $117 million.

“We are thrilled to welcome the members of Englewood Federal Credit Union into the Colorado Credit Union family,” said Mike Williams, President and CEO of CCU. “This merger allows us to better serve the financial needs of our members and continues to show the strength of credit unions as a preferred financial institution.”

The acquisition was unanimously approved by the Englewood Federal Credit Union board. Its members included City of Englewood employees. Colorado Credit Union was originally founded by employees of Johns Manville. It later grew to include other employee groups and associations. In 2009, CCU merged with Brighton Federal Credit Union, further growing its membership and assets.

About Colorado Credit Union

Colorado Credit Union serves employee groups, residents and family members in Adams, Arapahoe, Douglas, Jefferson and Weld Counties. Colorado Credit Union, originally chartered in 1973, is a member-owned, not-for-profit financial cooperative committed to providing for the financial success of all members.  We offer competitive products such as checking accounts, loans, mortgages, online banking and more. We are a part of the Shared Branching Network. For more information, visit http://www.ccu.org.

Media Contact: Patti Hazlett, Mountain West Credit Union Association
720.479.3203, phazlett@gowest.org