UNCLE Credit Union announced today it has received both member, NCUA and DBO approval to merge Allied Trades Credit Union. It will assume control of Allied Trade’s operations as of March 31, 2018, with full systems integration scheduled for completion by July 1st. This is the second merger of a Stockton-based credit for UNCLE in about 3 months.
Expanded Service Cited as Reason for Merger
The approved merger petition cited “expanded services” as the reason for the merger. UNCLE previously had expanded its field of membership available to anyone who lives, regularly works, attends school, or regularly worships in Alameda, Contra Costa, San Joaquin, or Stanislaus Counties, a geographic area totaling 4.1 million people per current US Census estimates. Allied Trades CU was serving employees and contractors of 6 Stockton area employers: Dignity Health, Omni Healthcare, Greyhound Lines, Inc., Golden Gate Bridge-Highway and Transportation District, Owens Illinois, Inc. and International Paper. In addition, members of 9 local employee unions and the Independent Order of Foresters were also served by Allied.
“We are excited by this second merger of a Stockton credit union” said Chung Bothwell, UNCLE’s Board Chairman. “Members of the former credit unions get improved branch and ATM convenience and instant access to a much wider range of high value financial services. Of course, UNCLE can now more conveniently serve its current and eligible members in the greater Stockton area” continued Bothwell.
UNCLE’s Second Merger with CEO Harold Roundtree
UNCLE has taken a focused approach to the Stockton market. “We are excited by the opportunity to participate in Stockton’s revitalization” said Harold Roundtree, UNCLE President/CEO, who is leading his management team through the integration. “Our objective is to provide this community with a package of services that provide the highest value” continued Roundtree.