LIVERMORE, Calif.— UNCLE Credit Union said it has completed the merging in of the operations of Moore West FCU in San Leandro, Calif.
The merger marks the third that UNCLE CU has completed in recent years, following a 2018 merger with Stockton Community FCU and Allied Trades CU, which expanded its branch network and membership in neighboring San Joaquin County.
The merger with the $11.38-million Moore West expands UNCLE’s presence in its flagship market of the East Bay region of California’s Bay Area, the credit union said. MWFCU had approximately 800 members.
“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,” UNCLE CU stated.
Added President and CEO Harold Roundtree, “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, Ultimately, it was the best outcome for both credit unions, and an opportunity for members to get the most out of their membership.”
Former CEO Consulted
The credit union said 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 Oct. 1.
The $680-million UNCLE CU has more than 34,000 members.
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