UNCLE Credit Union merges with Allied Trades Credit Union
It is UNCLE’s second merger in three months of a Stockton-based credit union
LIVERMORE, CA (April 4, 2018) — 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.
About UNCLE Credit Union
Established in 1957, UNCLE Credit Union is a $600+ million, full-service financial institution serving approximately 30,000 members. The organization offers the benefits of credit union membership with a full array of financial services to anyone who lives, works, worships, or attends school in Alameda, Contra Costa, San Joaquin and Stanislaus counties. UNCLE has five financial centers and one sales office located in the San Francisco Bay Area and the Central Valley, as well as 5,600 branches and more than 30,000 surcharge-free ATMs available through participation in the CO-OP Shared Branching Network. In addition, members have access to a wide spectrum of online and mobile banking services. UNCLE Credit Union is renowned for its community involvement, professional and personalized service, and unwavering commitment to helping members achieve their financial goals. To learn more, visit www.unclecu.org.
About Allied Trades Credit Union
Allied Trades Credit Union was formed in 1953. As of December 31, 2017, it had 1,928 members and $26.1 million in assets, per NCUA 5300 Call Report records.