OGDEN, Utah—Two Utah credit unions have announced plans to merge.
The $1.2-billion Goldenwest CU here intends to acquire the $75-million Salt Lake City-based Health Care Credit Union, whose members will vote on the merger in the next few weeks, Utah Business reported.
If approved, the merger is expected to be completed in the first quarter of 2017.
“This merger will provide Health Care Credit Union members with the best financial products and services available in the market today and into the future,” Scot Baumgartner, president/CEO of Health Care Credit Union, told Utah Business. “In particular, we’re excited to significantly increase our technology-based services through Goldenwest’s popular online and mobile banking platforms.”
“As the board considered several partners for a merger, we searched for a credit union with a strong commitment to providing high value for its members,” Randy Evans, chairman of the board for Health Care Credit Union told the publication. “We’re confident that Goldenwest will offer Health Care Credit Union members quality products and top-rated service.”
“We are delighted for this opportunity to expand the Goldenwest branch footprint in Salt Lake County,” said Goldenwest Credit Union President/CEO Kerry Wahlen. “The merger complements our long-term growth strategy to better serve our members who live and work throughout the state of Utah.”