Power Credit Union and Mountain River Credit Union are Merging
Power Credit Union and Mountain River Credit Union are joining forces to form a stronger, more powerful credit union for our members. Together, we are creating something stronger, a united credit union built to serve members, communities, and teams with even greater impact.
Both organizations share a proud history of member focus, financial strength, and community commitment. This merger brings together two trusted institutions, combining our strengths to deliver enhanced value, expanded access, and solidify a brighter financial future for all.
With approval from the National Credit Union Administration (NCUA), the next step is the Mountain River Credit Union member vote. A special member meeting is scheduled to be held on Saturday, December 6.
Merger Frequently Asked Q&A’s
Why is the merger occurring? +
This merger strengthens both of our credit unions, which benefits our employees, our members and the communities we serve. Partnering with another established credit union will provide us with the resources to remain competitive and deliver much more to all our members – with the same friendly, outstanding, local service we have always provided. Combined, we’ll be able to do more of what we already do today, providing members with better rates and excellent member service.
This partnership will allow the credit union to better anticipate and meet the financial needs of members in the future.
Both organizations focus on our members, employees and communities. Because of that, our goals, values and cultures are compatible. We are excited to be able to do even more together!
What does this mean for members? +
At this time, the member experience will remain the same for members of both credit unions. Integration will occur over the next several months.
One benefit of this merger is that Power Credit Union (PCU) and Mountain River Credit Union (MRCU) use the same core platform. MRCU member data will be integrated into the existing PCU core platform at a later date. Online banking, mobile banking and bill pay will be the same experience. We will communicate with MRCU members throughout the process to ensure a smooth transition.
MRCU members will continue to have access to the same locations in Salida, Buena Vista and Alamosa, with the same friendly staff serving them. In addition, they will have access to existing PCU locations in Canon City, Pueblo, Pueblo West and Trinidad.
PCU members will continue to have access to existing locations. In addition, they will have access to locations in Salida, Buena Vista and Alamosa.
What about my account number and online access? +
At this time, account numbers and online access will remain the same. Throughout this process, members will be notified well in advance of any changes and steps to take.
Will my deposits still be insured? +
Yes, accounts will continue to be federally insured at the same level. Funds are insured through the National Credit Union Administration (NCUA) and backed by the full faith and credit of the U.S. Government. We will notify any members who hold memberships at both institutions and have more than $250,000 in total deposits.
What about my debit card, credit card, direct deposit, checks, automated payments or the routing number? +
You can continue to use your current debit and/or credit card. MRCU members will be notified when new cards are issued. PCU cardholders will not experience any changes.
Direct deposits, automated payments and checks will continue to be processed in the same manner. Members will be notified well in advance of any changes and steps to take.
Will there be any location closures? +
All locations will remain open at this time.
What will your hours be? +
At this time, all operating hours will remain the same.
What additional products and services will members benefit from? +
MRCU members will benefit from the following additional products and services.
- ACH Early Posting
- Bankruptcy Rebuilder Loans
- Mobile Home Loans
- Financial Wellness
- Online Chat Feature
- Youth Checking, Savings and CD Accounts
- Bank on Certified Checking (2nd Chance Checking)
- Debit Card Round Up
- Educational Scholarship
- Preapproved 1Click Loans
Can you give me some information about Power Credit Union? +
Power Credit Union (PCU) was formed in 1938. Originally PCU set out to serve those who worked for the Power Department at Colorado Fuel and Iron in Pueblo. Therefore, the original credit union’s name was C.F. & I. Power Credit Union.
PCU now serves Pueblo West, Fremont County, Pueblo County, Chaffee County, Las Animas and El Paso County.
A small group of men had the vision to create the credit union. They had no previous experience in operating a financial institution, but they were interested in bringing to the employees of the C.F. & I. Corporation, and their families, a means of establishing systematic personal savings and enjoying credit at a reasonable rate of interest.
As of September 30, 2025, PCU serves over 12,000 members and has assets of $123 million. PCU employs 38 talented team members.
The overall mission of the credit union has remained consistent with the original intent of the founding members; Financial services for our members at a reasonable rate. Following is Power Credit Union’s mission.
Empowering members by offering competitive financial products and the resources they need to live their lives to the fullest!
Can you give me some information about Mountain River Credit Union? +
Mountain River Credit Union (MRCU) was formed in 1960 in Salida, Colorado. Established as St. Joseph Credit Union, the original purpose was to serve groups including members of St. Joseph’s Parish of Salida, CO, and their family members.
In 2012 the name was changed to Mountain River Credit Union and Alamosa Credit Union was merged into MRCU. The field of membership was expanded to include individuals who live or work in Chaffee County, Lake County, Census Tract 9790 (a portion of Fremont County), Alamosa County and Rio Grande County and immediate family of eligible members.
As of September 30, 2025, MRCU serves over 3,000 members and has assets of $31 million. MRCU employs 9 talented team members.
MRCU’s purpose continues to stand true with the purpose stated in the original bylaws.
“…to promote thrift among its members by affording them an opportunity to accumulate savings, and to create for them a source of credit at fair and reasonable rates of interest.”