Member Vote Confirms Merger of Embark and Horizon Credit Unions

Members of Embark Credit Union, based in Great Falls, Montana, recently voted “yes” to merge with Horizon Credit Union, headquartered in Spokane Valley, Washington.

Voting occurred electronically and by mail, followed by a special membership meeting on May 5 with voting completed and certified on May 6.

The new combined organization will have over 113,000 members and nearly $1.8B in assets, providing greater strength and stability for both credit unions and their members. It also expands the combined membership’s access to 31 branches throughout the inland northwest from central Washington, Montana, north and south Idaho, and eastern Oregon.

“This merger unites two strong, successful credit unions with similar values by providing our members with quality service and keeping a commitment to staying local,” said Jeff Adams, President and CEO of Horizon. “We are excited to be bringing our products and services to the community of Great Falls.”

The merger will be effective Aug. 1 when Embark officially becomes part of Horizon Credit Union. System conversions to migrate Embark member records into Horizon will be completed at the same time. Leadership for both organizations emphasized that no branch closures or layoffs are planned as a result of the merger.

“With the positive vote, we are pleased to officially join our two organizations together in late July,” said Deb Evans, current President and CEO of Embark. “Together as one, Embark members will enjoy more products and services, additional technology, expertise in cybersecurity, and more convenience.”

Evans will continue to lead the local market in the new organization and will sit on the Embark Advisory Board. Adams will serve as President and CEO of the combined organization.

Posted in Around the NW.