Student debt has become Millennials’ financial Achilles’ heel. True to their mission, credit unions are aligning with Millennial members to consolidate student loans and create a path to financial strength.
Darigold Federal Credit Union members have voted to approve a merger with Sound Credit Union and the consolidation is now expected to be finalized on Nov. 1, the credit unions announced this week.
Saying it has become increasingly difficult to keep up with new regulations and fast-paced technological changes, Cowlitz Credit Union announced Thursday that it will merge its operations into Red Canoe Credit Union later this year.
iQ Credit Union and Lacamas Community Credit Union, two of Southwest Washington’s oldest financial institutions, announced plans Wednesday to merge into what would become one of the area’s largest credit unions with a combined 67,000 members and total assets of more than $695 million.
Strategic Link business partner Catalyst Corporate has completed its consolidation with Western Bridge Corporate, transferring core systems, billing, wire services and internet connectivity in taking the final steps in the conversion process.
Catalyst Corporate has signed a letter of intent to consolidate with FirstCorp Credit Union this year, representing another step forward in the corporate’s business model driven by efficiencies of scale and technological innovation.
Southwest Bridge Corporate Federal Credit Union will host four Town Hall meetings in the Northwest this month to provide member credit unions another opportunity to obtain information about the proposed consolidation of Southwest Bridge Corporate and Georgia Corporate.