Credit unions announce merger

American AgCredit, based in Santa Rosa, Calif., has merged with Greeley-based Farm Credit Services of the Mountain Plains.

The merger, according to the organizations, has been under way for roughly two years and resulted in the creation of the sixth-largest farm credit cooperative in the U.S., totaling $5.58 billion in assets and a combined customer base of 6,907 members.

American AgCredit CEO Ron Carli will preside over the newly formed entity, which will retain the American AgCredit name. Terry Anders, the CEO of Farm Credit Services of the Mountain Plains, retired on the day that the merger took effect, Jan. 1. He…