UNCLE Credit Union has officially assumed control of the operations of Moore West Federal Credit Union of San Leandro, California in Alameda County. This strategic merger marks the third that UNCLE has completed in recent years. In 2018, UNCLE expanded its branch network and membership in neighboring San Joaquin County after acquiring Stockton Community Federal Credit Union and Allied Trades Credit Union.
The merger with Moore West expands UNCLE’s presence in its flagship market of the East Bay region of California’s Bay Area. Successful initiatives to merge with smaller financial institutions in UNCLE’s field of membership have been a key strategy to ensure the long-term viability of the credit union and provide optimal value to its members.
“The opportunity to expand further into Alameda County was an easy win for UNCLE Credit Union, as we already service so many members within that county,” says Harold Roundtree, President and CEO of UNCLE Credit Union. “Ultimately, it was the best outcome for both credit unions, and an opportunity for members to get the most out of their membership.”
To ensure a smooth transition, Moore West’s former CEO was temporarily brought on by UNCLE as a consultant for the merger. The process began on July 1, 2022, with full systems integration completed on October 1, 2022.