Lower Valley Credit Union Merges with Self-Help Federal Credit Union
January 19, 2021
Lower Valley Credit Union, serving 18,500 members with $132 million in assets located in Sunnyside, Washington, has merged with Self-Help Federal Credit Union, an 80,000-member, $1.5 billion credit union with branches in California, Illinois, and Wisconsin. The merger was official Jan. 1.
Combined, the credit union serves nearly 100,000 members across the United States.
LVCU’s focus and commitment to members remains unchanged as it now operates as Lower Valley Credit Union, a division of Self-Help Federal Credit Union.
“The decision to partner with Self-Help Federal Credit Union was clear,” said Suzy Fonseca, President and CEO of LVCU. “Our missions are so closely aligned that it is a natural fit. Our members will benefit immensely from the enhanced services and additional product offerings that Self-Help brings, such as a renewed focus on real-estate and business lending, as well as competitive deposit rates and a vast ATM network, just to name a few.”
Self-Help is part of a family of member-owned, mission-driven credit unions; a nonprofit loan fund; and a policy advocacy organization. Self-Help is dedicated to creating and protecting ownership and economic opportunities, particularly for minorities, women, rural residents and low-wealth families and communities. It was chartered in 2008 to increase access to responsible financial services for underserved and low-income populations. Like LVCU, Self-Help has a strong presence among Hispanic communities.
The merger brings six locations in Washington state into the Self-Help family:
- East Wenatchee, 478 2nd Street SE
- Grandview, 1019 W Wine Country Road
- Pasco, 2735 W Court Street
- Prosser, 580 Wine Country Road
- Sunnyside, 900 Yakima ValleyHighway
- Yakima, 1112 E Nob Hill Boulevard
“This partnership will help build financial security for more working families and ensure that people of color, immigrants, and other underserved groups have access to fair and affordable services to meet their financial needs,” said Veronica Casillas-Madrigal, California President of Self-Help. “We are honored to welcome LVCU into the Self-Help family and look forward to building meaningful relationships with our new members and providing new opportunities to the surrounding communities.”
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Posted in Around the NW.