Business credit

West Slope Credit Union Members Approve Merger

Todd marksberry
Kristi porter

Members of a western Colorado credit union have approved a merger that is expected to increase their access to financial products and services.

The December 30 vote was the final step in the process of merging Grand Junction-based Western Rockies Federal Credit Union with Englewood-based Canvas Credit Union.

The boards of directors of the two credit unions previously approved the merger. The state of Colorado and the National Credit Union Association verified the voting results, and both credit unions completed the final documents.

The process of integrating the 85-year-old Western Rockies Federal Credit Union into the Canvas brand is expected to continue through 2022 with the goal of tailoring operations to meet the needs of the more than 14,000 members of the western Colorado.

The three Western Rockies Federal Credit Union branches in Grand Junction, Fruita and Rifle will remain open, and accounts will move from Western Rockies Federal Credit Union to Canvas Credit Union. Western Rockies Federal Credit Union’s 40 employees will join Canvas Credit Union.

Kristi Porter, president and CEO of Western Rockies Federal Credit Union, said ahead of the vote that she was excited about the benefits of the merger by providing more financial products and services to members.

Canvas Credit Union also plans to explore opportunities to open additional branches in western Colorado and further support community efforts, especially those involving schools, families, veterans and first responders.

The 82-year-old Canvas Credit Union operates a total of 30 branches throughout metro Denver and northern Colorado with nearly 264,000 members and nearly $ 3.5 billion in assets.

Todd Marksberry, president and CEO of Canvas Credit Union, said ahead of the vote that the merger offered a chance to grow beyond Front Range. “The opportunity to welcome the Western Rockies Federal Credit Union members and team to our Canvas family opens the door to even more positive change for the people of Colorado. “

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