In October 2016, we announced plans to pursue a merger between Sunward and Kirtland Federal Credit Union. The boards of directors of both credit unions have recently decided to terminate that merger agreement.
Sunward President/CEO Robert Chavez said, “Both parties have worked hard over the past ten months to identify and overcome possible barriers to a successful merger. At this time, we’ve been unable to develop a scenario that’s in the best interests of both sets of members."
The directors and management teams have agreed to maintain an open dialogue over the next several years and may pursue other opportunities which may become available in the future.
