GECU Receives Regulatory Approval to Acquire Bank of the Southwest

El Paso-based credit union gets approval to acquire New Mexico's Bank of the Southwest

Bank of the Southwest customers will see their institution join forces with one of the largest locally owned federal credit unions in the region, and leaders are explaining what will and won't change during the integration process.

GECU to acquire Bank of the Southwest

EL PASO, Texas (KVIA) -- Thursday, GECU announced it received approval to acquire Bank of the Southwest. The organizations will combine on Nov. 1 under the GECU name, the credit union said. The two are expected to operate as independent divisions during the integration. After the acquisition, the new entity will become a $4.9 billion The post GECU to acquire Bank of the Southwest appeared first on KVIA.

GECU Receives Regulatory Approval to Acquire Bank of the Southwest

El PASO, Texas, Aug. 27, 2026 /PRNewswire/ -- GECU Federal Credit Union (GECU), one of the largest locally owned federal credit unions in Texas and New Mexico, today announced that it has received official regulatory approval from the National Credit…