RENO — Members of the Sparks City Employees Federal Credit Union have approved a merger with Great Basin Federal Credit Union. The vote results were announced at a special meeting of Sparks City FCU members on May 31 at Sparks City Hall.
The official merger was effective as of Friday with full data conversion happening on Oct. 31. Great Basin will be the continuing credit union. The joining of the two credit unions will result in the financial cooperative serving more than 16,400 members in the Reno-Sparks area and surrounding Washoe County, with assets exceeding $116 million.
The three long-serving employees of Sparks City EFCU will carry on their employment within the operations of Great Basin FCU so they can continue their service and close relationships to their members they have enjoyed over the years.
Sparks City Employees FCU was established in 1958 and has $13.3 million in assets, more than 1,900 members and one branch. Great Basin FCU was established in 1951 and has more than $105 million in assets, more than 14,500 members and three branches.
“We are thrilled to welcome Sparks city employees and their families to Great Basin,” said Dennis Flannigan, president and CEO of Great Basin FCU. “They can now enjoy full use of our convenient branches and mobile and online banking. They also gain access to a broader line of products and services and more favorable rates. We love our local ties and serving this great community, so this merger is really exciting for all of us.”
For more information, visit www.greatbasin.org or call 333-4228.