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Article: $131 million credit union acquires two others with assets totaling nearly $20 mil.
- Article from:
- The Enterprise
- Article date:
- July 21, 2003
- Author:
CopyrightCopyright Enterprise Business Newspaper Inc. Jul 21, 2003. Provided by ProQuest LLC. (Hide copyright information)
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Utah First Federal Credit Union, a $131 million federally chartered credit union, is acquiring two state-chartered credit unions with combined assets of nearly $20 million.
Last Thursday members of state-chartered Postal Ist Credit Union, which has $4.5 million in assets, voted to merge into Utah First Federal. The transaction awaits approval by the Utah Dept. of Financial Institutions (DFI). Darin B. Moody, president of Utah First Federal, said that approval should be in hand and the deal should close by Aug. 31.
Also last week, Utah First Federal said it is working to absorb Utah Oil Workers Credit Union, which has $15 million in assets. That merger deal was accepted for review by DFI ...