Eagle Credit Union announces plans to merge with UNIFY Financial Credit Union
LODI, CA (May 16, 2016) — Eagle Credit Union is pleased to announce that its Board is pursuing a merger with UNIFY Financial Credit Union (currently transitioning its name from Western Federal Credit Union).
Through the proposed merger, Eagle Credit Union members will join the UNIFY family, and have the advantages of a comprehensive product offering, nationwide branch network, 24/7 telephone Contact Center, and the latest banking technologies. Eagle’s two branches, in Lodi and Stockton, will remain open, and all staff will remain with UNIFY.
“The realities of today’s financial services market make it more and more difficult for credit unions of our size to offer the full range of competitive products, services and technologies our members want and need. As we considered merger alternatives, UNIFY stood out as the perfect partner through its commitment to personalized local community credit union services supported by a $2 billion nationwide resource network,” said Eagle Credit Union CEO Dan Robertson.
“Beyond its service commitment, UNIFY’s extensive merger experience was another critical factor when choosing a merger partner. The UNIFY team’s expertise in sponsor relations and the due diligence and integration process has made our partnership planning not only efficient and easy, but a true collaboration as we look at our vision for the future. We know our members and staff couldn’t be in better hands as part of UNIFY, and look forward to continuing our legacy of personal service under the UNIFY banner,” Robertson continued.
UNIFY CEO Gordon Howe said, “We are excited about our proposed partnership with Eagle Credit Union and the opportunity to bring its members and staff new value and convenience from their credit union. Our proposed merger with Eagle Credit Union strengthens our long-time commitment to communities across Northern California, expanding our local branch network in the region. We have great respect for the Eagle team, and look forward to working with them through the merger process and beyond.”
The proposed merger has received regulatory approval, and the credit union is beginning the process of putting the merger to an Eagle Credit Union member vote in mid-June.
About Eagle Credit Union
Founded in 1929 to serve postal employees, Eagle Credit Union has since expanded into a full-service credit union serving U.S. Postal employees and its local communities in Stanislaus and San Joaquin counties. Headquartered in Lodi, CA, the credit union has $20 million in assets and serves 2,400 members through two branches in Stockton and Lodi, CA. More information can be found at eaglecreditunion.com.
About UNIFY Financial Credit Union
Currently transitioning its name from Western Federal Credit Union, UNIFY Financial Credit Union is one of the nation’s leading credit unions, with more than $2.2 billion in assets and over 187,000 members across the country. UNIFY has nearly 50 branches in 13 states, over 500 team members, and regional offices located in Torrance, California; Bentonville, Arkansas; Las Vegas, Nevada; Mesa, Arizona. Visit UnifyFCU.com for more information.
