Frontier Financial Credit Union pursuing merger with Greater Nevada Credit Union
June 14, 2017
Reno — Frontier Financial Credit Union (FFCU) announce today that its board of directors is pursuing a merger with Greater Nevada Credit Union (GNCU).
Through the proposed merger, FFCU members will become members of GNCU, and FFCU employees will join the GNCU team. FFCU's two branches in Reno and Sparks will remain open and become GNCU branches.
"Today's regulatory requirements make it increasingly more difficult for credit unions of our size to continue operating in a manner that can best serve our members," FFCU President/CEO Bruce Rodela said in a press release. "GNCU is a long time friend of ours in the credit union industry and shares our local history, member service philosophy, and commitment to community."
GNCU President/CEO Wally Murray said, "We are honored that Frontier Financial Credit Union has selected us as a partner to serve its membership and provide new opportunities to its staff. We admire the work they have done over the years and look forward to collaborating with them throughout this merger process."
The proposed merger is currently undergoing regulatory approval, and the credit union is preparing to put the merger to an FFCU member vote.
Frontier Financial Credit Union was founded in 1958 by and for the employees of Washoe County. Since then, the credit union has grown to serve individuals who live, work, go to school or worship within eight Northern Nevada counties. Headquartered in Reno, the credit union has $80 million in assets and serves 7,000 members through two branches in Reno and Sparks. For more information, visit frontierfcu.org.
Greater Nevada Credit Union, founded by State of Nevada employees in 1949, is headquartered in Carson City. The credit union serves more than 55,000 consumers and small businesses, and has more than $700 million in assets. Greater Nevada is the title sponsor of Greater Nevada Field in Reno and has been consistently recognized as both Best Financial Institution in many of its service areas and as a top employer by the Reno/Tahoe Best Places to Work Awards. Greater Nevada's subsidiaries include Greater Nevada Mortgage and Greater Nevada Insurance. For more information, visit gncu.org.