Oct. 3, 2012 – NCUA and the Colorado Division of Financial Services announced Monday that Trinity Credit Union of Trinidad, Colo., has merged with Power Credit Union of Pueblo, Colo., without assistance from regulators.
Trinity CU, which was chartered in 1939, had nearly 1,200 members and roughly $4.1 million in assets at the time of the merger. The credit union served the residents of Las Animas County, Colo.
NCUA said the Power CU merged member accounts remain federally insured by the National Credit Union Share Insurance Fund up to $250,000 and that the new members will experience no interruption in services.
Power CU, a state-chartered, federally insured community credit union, will maintain a branch in Trinidad. Prior to the merger, Power CU had $82.2 million in assets and nearly 11,400 members. The credit union was chartered in 1938.
The Colorado Division of Financial Services placed Trinity Credit Union into conservatorship July 27. NCUA was then appointed as conservator. The agency said that the merger was completed without assistance from the National Credit Union Share Insurance Fund.