Provo-based Utah Community Credit Union (UCCU) and TransWest Credit Union of Salt Lake City have announced that their merger has been completed.
The combined credit union will now operate under the UCCU name and branding. The organization now serves over 285,000 members with assets exceeding $3.5 billion, according to the announcement.
“This merger is all about bringing together two healthy credit unions that share a commitment to local decision-making and community involvement,” said Justin Olson, UCCU president and CEO. “By uniting as one, we’re able to provide even greater value to our members, expand our resources, and strengthen our ability to serve our communities for generations to come.”
Steven Pratt, former TransWest Credit Union president and CEO added, “Joining with UCCU ensures that our members continue to receive the very best financial products and services, while staying true to our shared values and community spirit. This is a great day for TransWest members, and I am confident that together we will create an even stronger credit union.”
All TransWest members are now UCCU members, with access to expanded products and services that support their financial goals, Olson said. UCCU now operates 25 full-service branch locations, including four former TransWest branches in Salt Lake County.
