Blue Federal Credit Union & Aventa Credit Union Announce Intent to Merge
Subject to Regulatory Approval
CLAWSON, MI – February 26, 2024 – McQueen Financial Advisors provided exclusive financial advisory services.
Aventa Credit Union, based in Colorado Springs, has fully merged with Blue Federal Credit Union, based in Cheyenne Wyoming. The merger was approved by Aventa members on February 26, 2024, and officially takes effect on March 1.
There will be minimal changes for both Aventa members and employees in the coming months. Aventa Credit Union will retain its current name until later this year. After this transition, Aventa will continue its operations as Blue Federal Credit Union. The merger of both credit unions will boast assets exceeding $2.25 billion and a membership base of over 150,000. With the merger of the two credit unions, six new locations will be added to Blue’s existing twenty-one. These additional new branches will be located in Colorado, specifically in Colorado Springs, Pueblo, Salida, Center, and Crestone.
About Blue Federal Credit Union
Blue Federal Credit Union is a not-for-profit financial institution serving eight Wyoming locations and nineteen Colorado locations, as well as members worldwide. Our purpose is to create a true cooperative connected to and inspired by the communities we serve and to help discover pathways to realize possibilities.
About Aventa Credit Union
Aventa Credit Union is a Colorado-based financial cooperative dedicated to the financial success of its members. Founded in 1957 as the Colorado Springs Public Utilities Credit Union, the institution has grown into a full-service financial partner serving residents and workers throughout Southern Colorado.
About McQueen Financial Advisors
McQueen Financial is a nationwide financial advisory firm serving financial institutions since 1999. McQueen advises on ~25% of all Credit Union / Credit Union Mergers nationwide, annually.
Transaction Leads
Dan Martin
Director of Transaction Advisory & Valuation
André Gard
Associate