NCUA approves merger of Blue Federal and Aventa Credit Unions
The National Credit Union Administration (NCUA) has approved the merger of Blue Federal Credit Union and Aventa Credit Union .
Post-merger, the unified entity will operate as Blue Federal Credit Union, with assets over $2.1 billion and more than 153,000 members.
Aventa Credit Union members’ approval is the next step, with a meeting scheduled for February 26, 2024, in Colorado Springs.
The merger, expected to complete by April 2024, aims to offer expanded services, digital banking technology, and enhanced member service across 27 branches in Colorado and Wyoming.
Both Blue Federal Credit Union and Aventa Credit Union have a partnership with TruStage to offer insurance products. However, not all of these insurance products are underwritten by a member company of TruStage.