IBM credit union opens new branch

LONGMONT – IBM Rocky Mountain Employees Federal Credit Union, following a national trend, is opening a new branch in Longmont and plans to apply for regulatory approval to serve a wider audience.

The credit union, according the National Credit Union Administration (NCUA), a federal agency that regulates and insures credit unions, now is awaiting regulatory approval to change its name. Its next step will be to apply for a community charter to keep its expansion options open, said Kerry Parry, marketing director for the credit union.

Although the process can be lengthy, such a charter could expand the credit union’s services to…