Denver Community and Soopers Credit Unions to merge
Partnership will have more than $620 million in assets
DENVER , CO (August 9, 2016) — Two of the metro area’s oldest credit unions — Denver Community Credit Union and Sooper Credit Union in Arvada — are merging, creating a financial institution with more than $620 million in assets, the two announced Tuesday.
The merger is expected to be completed by the third quarter of 2017. They will operate out of nine locations, but have not yet decided on a new name.
“This partnership is the next step – a foundational step – toward our larger goal of providing our members with a broader platform of products and services,” Sooper’s president and CEO Dan Kester said in a statement.
“We are both state-chartered, with similar cultures and philosophies, and we have worked very collaboratively for many years,” Denver Community president and CEO Carla Hedrick said in a statement.
Denver Community was formed in 1934 and serves members in Adams, Arapahoe, Jefferson and Denver counties.
Sooper formed in 1951 and primarily serves members in Colorado, Wyoming, Utah and New Mexico.
About Denver Community Credit Union
Denver Community Credit Union, a financial cooperative, empowers its members to succeed. Regarded highly for its consistent commitment to the community and business practices that place serving members before profit, Denver Community has loved saving its members money since 1934. It offers savings, checking, loans, credit cards, and mortgages to over 30,000 members, and provides financial education and mentorship to thousands of people each year in its community. Learn more at www.denvercommunity.coop.