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CEO Co-Lab

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Wyoming CU Day at the Capitol

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Idaho CU Day at the Capitol

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Arizona CU Day at the Capitol

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AVP, Communications

Washington

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Alyse Knudsen

Manager, Communications

Oregon

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Premier Members Credit Union and Meritrust Credit Union Announce Intent to Merge

Posted by on October 11, 2024

Meritrust Premier Member Merger

The Board of Directors and leadership teams of Colo.-based Premier Members Credit Union and Kan.-based Meritrust Credit Union announced on Oct. 10 their agreement to merge and unite two healthy credit unions for the benefit of their members and employees.

“As member-owned financial cooperatives, both of our credit unions share the same purpose and passion for financial well-being and commitment to improving the lives of our members, our employees, and the communities we serve,” said James Nastars, President/CEO of Meritrust Credit Union. “We will now be able to use our combined strength to grow and expand those commitments to make a greater impact across Kansas and Colorado. That’s exciting for us.”

In this merger, Meritrust will adopt Premier Members’ existing Colorado state charter. The official name of the new credit union will be Meritrust Credit Union. Both credit unions will keep their existing brands as there is no overlap in existing markets and both brands have a strong presence in their respective communities. Meritrust CEO James Nastars and Premier Members CEO Carlos Pacheco will lead the new credit union as Co-CEOs.

Expected completion of the merger is March 2025, pending the approval from the National Credit Union Administration and Meritrust’s membership. After completion, the combined credit union will proudly serve more than 200,000 members with 33 branch locations across communities in Kansas and Colorado, with 650 employees and nearly $4 billion in assets.

“We are not just combining assets. We are uniting for our members, for our employees, and for our communities,” said Carlos Pacheco, President/CEO of Premier Members Credit Union. “Together, we will build a stronger, more innovative credit union that can better meet the evolving needs of our members and the communities we serve.”

As the process moves forward, both credit unions are committed to making this journey as smooth as possible for members and keeping them updated at every important step in this process via their websites and other member communication channels.

More information on this merger can be found at pmcu.org and Meritrustcu.org.

Posted in Colorado, Regional Member News.