Uncle Credit Union, a financial institution based in the San Fransisco Bay area and the Central Valley, has merged with Moore West Federal Credit Union, a credit union in San Leandro, Calif.
The merger with Moore West expands Uncle’s presence in the East Bay region of California’s Bay area. Uncle’s initiatives to merge with smaller financial institutions in Uncle’s field of membership have served as its strategy of aiming for the long-term viability of the credit union and provide value to its members. This marks the third merger that Uncle has completed recently, alongside the credit union’s acquisitions of Stockton Community Federal Credit Union and Allied Trades Credit Union in 2018.
“The opportunity to expand further into Alameda County was an easy win for Uncle Credit Union, as we already service so many members within that county,” comments Harold Roundtree, president and CEO of Uncle Credit Union. “Ultimately, it was the best outcome for both credit unions, and an opportunity for members to get the most out of their membership.”