MAPLETON, Colo.– Two Colorado credit unions have announced plans to merge. Members of the $2.5-million Mapleton Public Schools Federal Credit Union have voted in favor of merging into the $1.55-billion, Denver-based Westerra Credit Union. The move has already been approved by both boards and NCUA.
“Our credit unions have so much in common,” said Mapleton Public Schools Federal Credit Union Co-Chairman Sam Molinaro, “and this merger positions us even better to serve the financial needs of our members through additional branches, expanded service and a continued focus on financial education in our schools and our community.”
Westerra Credit Union said MPSFCU members will now have access to 10 branches across the metro area, as well as 200 Colorado CO-OP Shared Branch locations and 1,000 surcharge-free ATMs. Westerra CU was organized in 1934 by eight Denver school teachers and has more than 125,000 members.
‘Commitment to Financial Education’
“Our credit unions share a commitment to financial education,” said Jay Champion, president/CEO of Westerra Credit Union. “Members and non-members are invited to attend free financial seminars, use our online financial literacy tools, and have conversations with credit union staff to find answers to their questions. Westerra also provides grants to schools and makes presentations in classrooms to help our educational community with their important mission. We look forward to sharing these resources throughout the entire Mapleton community.”
Westerra’s membership is open to anyone who lives or works in the seven-county Denver metro area—Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas or Jefferson counties—and now also includes all employees, retirees, students, graduates and families of Mapleton Public Schools.