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Canyon State Credit Union Merger Information

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Updated 7/29/19

More on Staffing Plans:  Each and every employee of Deer Valley Credit Union and Canyon State Credit Union is needed and wanted.  This consistency of staffing will allow our credit unions to continue to offer outstanding member service while we grow to meet the needs of our larger service community.

Future Growth and Member Benefits:  As our bylaws and fields of membership continue to form our new, larger community-based financial institution, we will be well-positioned to serve a larger portion of the state as well as develop plans for future growth.  As you will see in the Annual Report from DVCU and the Annual Report from Canyon State Credit Union, our financials match up well and further demonstrate the good fit of the merger of our two institutions.

We are planning to sync the rates of both credit unions by early September and will roll out new products to all members by March 2020.

 

We're excited to announce a proposed merger with Deer Valley Credit Union!

On April 5, 2019 we announced a proposed merger with our friends and respective colleagues at Deer Valley Credit Union (DVCU). This mutually beneficial merger will combine our two cooperative financial institutions so that we can:

  • provide a greater selection of products and services
  • provide additional conveniences
  • strengthen our community impact
  • and offer members an expanded branch network with 4 new locations!

Both credit unions are very happy about the opportunities this merger will bring for all of us. We hope you join us in embracing this collaborative initiative to help create a more prosperous future for both memberships!

Frequently Asked Questions:

Will employees of the credit union keep their jobs?

Yes! We're proud to say that all employees at both credit unions will retain their jobs!

Will all branch locations stay open?

Yes! We're keeping all locations of both credit unions open!  Click here for the location of all branches!

 

When will the merger be final?

We received final approval from our regulators.  After a positive vote from Deer Valley members, we hope to finalize the merger during early Fall 2019.  

What will the name of the new credit union be?

After the approval by Deer Valley members,  we will determine a name for the new credit union in early 2020.

How will my accounts be affected?

After the merger is official (early Fall 2019), account and system experts from both credit unions will provide the most efficient and least disruptive solution for merging the two membership databases into one system. As a Canyon State member your account numbers and the way in which you conduct your banking will not change again. We'll provide frequent updates on the progress every step of the way, and work to make the transition as smooth as possible for you.

Will our core and online banking be changing?

No. Our core and online banking systems will not be changing.

Do I need to do anything now?

You do not need to do anything at this time. Please continue to conduct your banking transactions as you normally would.

What happens if I’m a member of both credit unions?

Nothing will change for you at this time. You should take note that you will have the opportunity to vote on the proposed merger as a member of Deer Valley Credit Union.  

You Can Help Us Grow Stronger Together

We truly feel that this merger is a perfect strategic fit. The new, combined organization will offer more products, services, and locations for all members and will position us with greater means to continue to offer you premium rates and excellent service long into the future.

Our co-op financial industry continues to feel increased pressure from outside Financial Technology (FinTec) companies.  We want to keep thriving as one of Arizona's best member-owned cooperatives!

We're already strong, but we can be stronger together!

Merger questions, comments, feedback?

Are you a CSCU member?*
Are you a DVCU member?*