Pending regulatory approval, the combined credit union would have assets of over $160 million and serve more than 12,000 members in eight Oregon counties.
If approved by regulators, the merger would take effect on September 1.
Qualstar Credit Union & Puget Sound Federal Credit Union announce merger; Fun(d) competition between Global Credit Union & Spokane Federal Credit Union; Fibre Federal Credit Union hosts Financial Reality Fair, Valley Credit Union announced new CEO.
Former Plaza Bank CEO joins Harborstone as SVP; Port of Seattle Federal completes merger with Sound.
Small credit unions are finding secret sauce in the age of a sharing economy, while also struggling with sustainability in the age of consolidation. The Small Credit Union Round Table kicking off Amplify 2015 will focus on those issues.
The merger, the first voluntary merger in the history of the FHLB system, closed on May 31.
Leaders from both credit unions agree that the merger is the best way to serve Port of Seattle members.
The combined bank will be the largest in the FHLBank system, serving nearly 1,500 financial institutions.
Bank Transfer Day founder joins Wauna; Rivermark makes dough for Doernbecher; NW Plus collects holiday food; and Northwest Community completes Fred Meyer merger.
Year-long merger completes final step with DFCU accounts and services integrated into Sound.
The merger has been approved by the two banks’ boards, and will now be submitted to the regulator and the members.
Lacamas Community Credit Union members have approved a merger with iQ Credit Union. The new iQ will now serve 65,000 members in 15 branches.
Oregon Community Credit Union and Bi-Mart Federal Credit Union announced plans to merge this week, as did Central Washington University Federal Credit Union and WSECU. Both mergers are scheduled to take effect this summer.
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.
The boards of Horizon Credit Union and EDTECH Federal Credit Union have voted unanimously to merge, the credit unions announced this morning. If approved by regulators and EDTECH members, the combined credit union would approach $675 million in total assets and employ more than 225 people.
Darigold Federal Credit Union and Sound Credit Union announced today that they will merge later this year, pending regulatory approval and a vote by Darigold’s members. If approved, the consolidation would be the 15th merger for Sound in the past couple of decades.
Eugene-based SELCO Community Credit Union has confirmed plans for a merger with Greater Oregon Federal Credit Union of Burns. The merger would increase member access to 18 branches.
Two membership votes affirming the decisions of the Boards of two Washington credit unions will increase by two the number of $1 billion-plus credit unions based in the state.