UNCLE Credit Union wraps up merger with Moore West Federal Credit Union
UNCLE Credit Union has completed the previously announced merger of California-based Moore West Federal Credit Union with the former being the surviving entity.
Moore West Federal Credit Union, which was established in 1935, had assets of nearly $11.38 million. It served more than 800 members with its banking services.
The merger is the third to have been executed by UNCLE Credit Union in recent years. In 2018, the financial institution grew its branch network and membership in neighboring San Joaquin County with the acquisition of Stockton Community Federal Credit Union and Allied Trades Credit Union.
UNCLE Credit Union said that the merger with Moore West Federal Credit Union expands its footprint in its flagship market of the East Bay region of the Bay Area in California.
Harold Roundtree — UNCLE Credit Union President and CEO said: “The opportunity to expand further into Alameda County was an easy win for UNCLE Credit Union, as we already service so many members within that county.
“Ultimately, it was the best outcome for both credit unions, and an opportunity for members to get the most out of their membership.”