Is Public Service Credit Union now canvas?

Denver, CO based Public Service Credit Union recently announced their new name change to Canvas Credit Union. The name change is part of the $2.3 billion credit union’s strategy to transform the experience of financial services for its members and community.

What happens when two credit unions merge?

A merger can also provide direct benefits to credit union members, including lower cost of services, lower loan rates, and higher dividends. These benefits are significant, immediate, and persistent.

Can credit unions merge with other credit unions?

When two credit unions elect to voluntarily merge, the surviving credit union is referred to as the continuing or acquiring credit union. The credit union that will be merged into the surviving credit union is referred to as the dissolving, merging, or acquired credit union.

What credit unions merged?

Credit unions that got the NCUA’s approval to merge because of their poor financial condition were the $38 million Equishare Credit Union in Wichita, Kan., with the $95.6 million Quantum Credit Union in Wichita; the $19.5 million Coastal New England Federal Credit Union in New Bedford, Mass., with the $240 million …

How long has canvas Credit Union been around?

Who is Canvas Credit Union? For eighty years, Public Service Credit Union grew and evolved with you, our members, and the community around us. Our roots began in 1938 as the credit union for the Public Service Company of Colorado employees and has since grown, now with over 232,000 members and 529 team members.

What was Canvas credit union before?

LONE TREE, Colo., Aug. 29, 2018 — Public Service Credit Union (PSCU) is officially and forevermore to be known as Canvas Credit Union. For the 80-year-old Colorado financial cooperative, this is more than a name change — it’s an all-out offensive aimed at disrupting how Coloradans experience financial services.