LODI, Calif.–The $20-million Eagle Credit Union here said it is seeking to merge into Unify Financial Credit Union. It cited expanded products and services in seeking the merger, and said its two branches will remain open and all staff will be retained in the event the merger is completed.
“The realities of today’s financial services market make it more and more difficult for credit unions of our size to offer the full range of competitive products, services and technologies our members want and need,” said Eagle CU CEO Dan Robertson. “As we considered merger alternatives, UNIFY stood out as the perfect partner through its commitment to personalized local community credit union services supported by a $2-billion nationwide resource network,”
“Beyond its service commitment, UNIFY’s extensive merger experience was another critical factor when choosing a merger partner. The UNIFY team’s expertise in sponsor relations and the due diligence and integration process has made our partnership planning not only efficient and easy, but a true collaboration as we look at our vision for the future. We know our members and staff couldn’t be in better hands as part of UNIFY, and look forward to continuing our legacy of personal service under the UNIFY banner,” Robertson continued.
UNIFY CEO Gordon Howe said in a statement, “We are excited about our proposed partnership with Eagle Credit Union and the opportunity to bring its members and staff new value and convenience from their credit union. Our proposed merger with Eagle Credit Union strengthens our long-time commitment to communities across Northern California, expanding our local branch network in the region. We have great respect for the Eagle team, and look forward to working with them through the merger process and beyond.”
Eagle Credit Union said it will put the merger to a member vote in mid-June.