Around the Northwest: Sears Spokane Employees Federal Credit Union Merges with PrimeSource Credit Union
STCU opens first Tri-Cities branch this month; Spokane Federal Credit Union sees success with Kasasa Cash Back checking accounts.
Sears Spokane Employees Federal Credit Union merged this month with Spokane’s PrimeSource Credit Union.
“We are excited to welcome Sears members into the PrimeSource CU family,” said Margaret Burkholz, CEO.
Mark Smith, CEO of Sears Spokane, said PrimeSource was a good fit for the credit union. “We looked at multiple credit unions and PrimeSource kept coming to the top of the list,” he said.
Sears Spokane members will continue to receive the services they need, along with additional services. Two Sears Spokane team members will join PrimeSource’s staff.
PSCU sees benefit through an increased membership base, allowing for expanded deposit and lending opportunities for all members, the credit union said.
Three home loan officers have joined the STCU Home Loan team at the credit union’s new Tri-Cities branch.
The STCU Southridge Financial and Home Loan Center, 4704 W. Hildebrand Blvd., will open Nov. 26 in Kennewick, Wash. In addition, the STCU Queensgate Financial Center will open Jan. 7 at 2590 Queensgate Drive in Richland, Wash. The credit union also plans to open its first branch in Pasco, Wash., later in 2019.
New home loan officers at the Tri-Cities branch include Senior Home Loan Officer Brandon Reed, Home Loan Officer Vorel Trotter and Home Loan Officer Kara Vogt.
Two years ago, Spokane Federal launched its Kasasa Cash Back checking accounts, which reward members with cash back, nationwide ATM fee refunds, and no monthly service fees. Since then, the credit union has opened more than 650 Kasasa accounts and paid members a total of $35,962.28 in cash back rewards.
“Members who take advantage of our Kasasa accounts save money and are more engaged with the credit union,” said Joe Murcar, Spokane Federal’s Vice President of Finance. “They see the benefits every month, which builds strong member loyalty. In our competitive landscape, it’s not enough to just offer free checking; members expect convenience, too.”
Spokane Federal expects to open more Kasasa checking accounts when it opens a new Spokane Valley branch in the spring.