We believe this acquisition is an exceptional opportunity to quickly expand our presence in the Las Vegas, Mora, and Pecos markets and gain tremendous knowledge in the commercial lending and deposit operations that SWCB is so well known for. Additionally, we will be combining our cannabis banking businesses to expand services to this traditionally underserved market.

Both institutions share a long history of personal service to New Mexican communities. We also value SWCB’s expertise in community-oriented business lending and deposit services. By combining our efforts, we believe we can leverage the best of both organizations to provide market-leading retail, business, and cannabis banking services. Also, as stewards of our member-owned funds, we believe the transaction is the best way to deploy organizational equity to expand the credit union, and it makes sound financial sense.

While the terms are often interchangeable, mergers and acquisitions aren’t the same. A merger is when two existing companies combine into a singular, new entity. An acquisition is when one company absorbs another, but no new organization is created. In this case, U.S. Eagle is acquiring -or absorbing – SWCB for all to become a unified, improved U.S. Eagle.

No. U.S. Eagle and SWCB have signed a preliminary agreement to move forward with the acquisition process. The process itself going forward is a long and complex one involving many regulatory steps that will require months to finalize. We will keep members and SWCB customers updated on our exciting progress. During this time, you may also visit useagle.org/future at any time for the most recent updates.

No. We’ll still be U.S. Eagle. The credit union you’ve come to know and trust for nearly 90 years.

No. U.S. Eagle will still be – and always will proudly call – Albuquerque and New Mexico our home.

The decision to acquire another financial institution is a very complex and strategic decision. Our decision was based on the similarities we both saw in our missions and operations. The acquisition of SWCB presents an opportunity to serve an even greater number of new members and aligns with our core values of providing exceptional service and making a positive impact in the communities we serve.

As a general rule, products and services often do change over time to meet changing member demand and needs, and we look forward to utilizing the best products/services from both organizations. That said, the SWCB acquisition will not be finalized until late spring 2025, and so there will be no immediate impact to either member/customer group.

No. U.S. Eagle will not be changing its status as a not-for-profit credit union and, once SWCB’s current customers become U.S. Eagle members, they too will begin to enjoy all the benefits of membership.

Yes, but not immediately. U.S. Eagle will be acquiring the SWCB branch and ATM network. You’ll be able to do your banking at those locations just as you now do but this transition will not take place until sometime in 2025. U.S. Eagle and SWCB will continue to serve members and customers separately until the acquisition is completed.

No. All of your accounts and account information – such as your account numbers and how you access them online or in-person – will not change.

Yes, there will be no immediate impact by the acquisition. While U.S. Eagle diligently works to retain our excellent team, change in personnel is something faced by all organizations over time when and if employees find new opportunities.

No. The exceptional and strong leadership team that has guided U.S. Eagle for many years will not be changing.

SWCB will remain under current management with all existing operations until mid-2025, so both organizations will remain “as is” for a while. USE is focused on retaining what makes SWCB so special to its employees and customers and will be working hand in hand with the bank’s employees to make any transitions as seamless as possible once we receive approval to integrate the two operations.