Credit union members approve merger

LONGMONT – St. Vrain Valley Credit Union members approved its merger with Boulder-based Elevations Credit Union during a special meeting held Monday at St. Vrain Valley Credit Union in Longmont.

The merger will go into effect Oct. 1. Full integration of the two credit union systems will likely take several months, but once complete, St. Vrain members will be able to use all Elevations branches across the Front Range of Colorado and services on the same platform. All member deposits will continue to be federally insured up to $250,000.

The new credit union takes the Elevations name and will be overseen by Elevations’ board of directors and Gerry Agnes, Elevations’ president and CEO. Eva Gaudio, St. Vrain’s president and chief executive, will join Elevations’ executive team as senior vice president of government and student affairs.

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All St. Vrain employees will become Elevations employees.