Wescom Credit Union and Great American Credit Union Announce Merger | Business Wire

PASADENA, Calif.–(BUSINESS WIRE)–Wescom Credit Union and Great American Credit Union have jointly

announced the merger of the two credit unions. Great American Credit

Union, which is located in San Diego and has more than 8,800 members and

$57 million in assets, will merge into Wescom. The anticipated merger

date is December 1 dependent upon approval by Great American’s

membership.

The merger will be beneficial to both credit unions. Wescom will

strengthen its San Diego County presence by nearly doubling its branch

locations from five to nine. This will give Wescom members in San Diego

County more convenience and choice in conducting their banking. Great

American members will benefit from additional products and services,

enhanced technology and extended branch hours. As part of the agreement,

Wescom will maintain and operate all four Great American branch

locations in the San Diego area. Moreover, Wescom will offer employment

to all Great American employees.

“The merger with Great American Credit Union

will provide Wescom with an established member base in San Diego County,”

said Darren Williams, president and CEO of Wescom Credit Union. “In

addition, this merger will expand our footprint in this area for our

members as well as Great American members.”

Williams noted, “More importantly, Great

American members will continue to receive exceptional service that they

are accustomed to as both credit unions excel at member service. We look

forward to serving members of both credit unions for many years to come.”

“Great American chose Wescom as a partner

because both credit unions share a mutual commitment to member service,”

said John Weaver, president and CEO of Great American Credit Union. “With

Wescom, our members will continue to experience the service they are

used to, but will also have access to additional financial products and

added convenience through Wescom’s extensive

branch network. I look forward to working with them to help our members

with their financial needs.”

Great American was founded in 1928 by and for the employees of the U.S.

Postal Service. Since then, the Credit Union has received a community

charter and expanded to serve the cities of San Diego and Poway as well

as members of the Utility Consumer Action Network. Great American has

four branch locations, which include three San Diego locations and one

branch in the city of Poway.

WESCOM CREDIT UNION is one of the largest credit unions in the

country with more than $3.9 billion in assets. Established in 1934,

Wescom is a not-for-profit, financial services cooperative serving more

than 300,000 members at 51 branches throughout Southern California.

Credit Union members have access to more than 25,000 free ATMs

nationwide and a wide range of financial services, including free

checking and free online bill paying. Membership is open to people

living and working in Los Angeles, Orange, Riverside, San Bernardino,

Santa Barbara, San Diego and Ventura counties.

GREAT AMERICAN CREDIT UNION is a community-based credit union

serving members in the greater San Diego area. With more than 8,800

members and $57 million in assets, the credit union has four branch

locations.Great American was established in 1928 by and for the

employees of the U.S. Postal Service. Today, the credit union serves the

cities of San Diego and Poway and members of the Utility Consumer Action

Network (UCAN).

from WordPress http://bit.ly/1qE4zgi

via IFTTT