BANKING

Navigant, Columbus Credit Union to merge

COURTESY NAVIGANT CREDIT UNION
NAVIGANT CREDIT UNION and Columbus Credit Union have jointly announced that the two institutions are merging, with Navigant remaining as the surviving credit union.
Posted 7/18/12

SMITHFIELD – Navigant Credit Union and Columbus Credit Union have jointly announced that the two institutions are merging, with Navigant remaining as the surviving credit union.

All Columbus Credit Union employees will become Navigant Credit Union employees, the company announced Wednesday.

The merger will allow Columbus’ members to have access to Navigant’s full line of financial services, according to a release.

Columbus Credit Union’s two branches, at 560 Main St. in Warren, and 3 Crescent View Ave. in Riverside, will remain open and complement Navigant’s 10 other branch offices in northern and eastern Rhode Island.

As members of Navigant Credit Union, the Columbus members will have access to enhanced and expanded services, including Navigant’s suite of commercial loans and business services as well as its comprehensive offering of consumer products, according to a company release.

“We’re thrilled at the opportunity to serve more members who live and work in the East Bay, and we’re committed to providing them with the exceptional banking experience for which Navigant Credit Union is known,” said Navigant Credit Union president and CEO Gary Furtado in a prepared statement. “Our goal is to become the leading community banking partner in Rhode Island, and this merger is another step toward achieving that goal.”

“We evaluated all possible partners, and selected Navigant Credit Union because of its excellent reputation for member service and its expansive list of products and services,” Columbus Credit Union CEO Cidalia Rocha said in a press release.

“Most importantly, Navigant Credit Union shares our commitment to supporting the local communities. Navigant’s size, strength and stability offer the best opportunity for the growth of our membership and our employees,” added Rocha.

The merger is subject to regulatory approval and hoped to be finalized by year’s end.

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