Northland Credit Union Announces Plans to Merge with Gesa Credit Union

Gesa Credit Union announced this week that following a special election conducted by the members of Northland Credit Union (NCU) in Spokane, WA, NCU will operationally merge into Gesa effective November 2, 2015. The May special election was conducted in Spokane and attended by representatives of both credit unions.

“In this time of increased regulatory burdens in an unpredictable financial world, it becomes more and more difficult for a small credit union to thrive.” said Bill Roberts, NCU’s President and CEO. “The decision to merge with Gesa Credit Union, a financially sound organization, will benefit our members in ways that Northland is not able to accomplish on its own.”

“This merger agreement is a positive move for the Inland Northwest, Gesa’s members, and the members of Northland,” said Don Miller, Gesa’s President and CEO. “We’ll be stronger and better able to compete in the financial services marketplace by diversifying our membership, Northland members will enjoy the benefit of expanded services and an extensive branch network throughout Eastern Washington. Together, we’ll be better able to demonstrate the credit union difference throughout the region.”

The NCU branch will become a branch of Gesa Credit Union and all NCU staff will join the Gesa Credit Union family. This branch will be Gesa’s first branch in Spokane.

Questions about this story? Contact James Pearson: 206.340.4790, jpearson@nwcua.org.

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