Elevations changing charter to attract more members

BOULDER – Elevations Credit Union is dropping the word “Federal” from its name.

The 54-year-old institution is converting from a federal to a state charter. An 81 percent majority of its members voted for the change, which should be final by the end of March.

The change has to do with serving its members, said Rich Jones, Elevations marketing vice president.

Most of the credit union’s employer groups are in Boulder County, but he said, “There’s an urban flight of new incoming employees that are working in Boulder County but living outside Boulder County, primarily driven by housing costs.”

Elevations wants to open branches…