Wenatchee Valley Federal and Lower Valley Credit Unions Merge
July 17, 2018
Wenatchee Valley Federal Credit Union (WVFCU) in East Wenatchee, Wash., has merged with Lower Valley Credit Union.
On June 19 a special meeting was held, and the merger approved by a majority of WVFCU voters. The merger became official through the Secretary of State on June 30 and it will provide new financial opportunities and services to the members of both credit unions.
“It is an honor to be selected as WVFCU’s merger partner and to join the Wenatchee community,” said Suzy Fonseca, President and CEO of Lower Valley Credit Union, located in Sunnyside, Wash. “The merger will benefit the members of WVFCU by expanding the range of services offered and providing additional locations to do business throughout the state of Washington. We look forward to building meaningful relationships with our new members and providing new opportunities to the surrounding communities.”
“In addition, we appreciated the assistance of Your Credit Union Partner, operated by Scott Butterfield, which assisted in navigating the intricacies involved in the merging of a fellow financial institution for the first time in Lower Valley Credit Union’s rich history. While the merger process was a complicated and a time-consuming endeavor, the support provided was invaluable,” Fonseca said.
Effective Nov. 1, the full data and member conversion will be complete, allowing WVFCU members access to all of Lower Valley Credit Union’s online, mobile, and in-branch products and services. The combined credit union holds $152 million-plus in assets and approximately 20,000 members with a total of five branches and one lending office located throughout Yakima, Benton, Franklin, and Douglas counties.
Posted in Around the NW.