Mergers: Leveraging Physical Assets for Targeted Growth

Paul Seibert of EHS Design will lead a breakout session on maximizing the benefit of credit union mergers at the NWCUA’s 2012 Convention and Annual Business Meeting. Here he outlines three key points to consider for credit unions exploring a merger.

Ferndale Refinery Credit Union, Industrial Credit Union of Whatcom County Announce Merger Plans

The trend of credit union mergers in the Northwest continues, as Ferndale Refinery Credit Union and Industrial Credit Union of Whatcom County have announced plans to combine operations on Oct. 1.

St. Helens Membership Petitions for Recall of Five Board Members

St. Helens Community Federal Credit Union membership presented the credit union’s board of directors with a petition containing 492 signatures seeking a recall of five of its seven board members. A special meeting has been scheduled for Sept. 4.

Horizon Completes Successful Merger with Montana First

Spokane-based Horizon Credit Union announced a long-awaited merger with Montana First Credit Union, a $63-million institution based in Missoula, Mont., expanding Horizon’s reach to three states.

Northwest Community, UFCW Northwest Announce Merger Plans

Northwest Community Credit Union and UFCW Northwest Federal Credit Union last week announced plans to join forces, continuing the recent trend of credit union mergers in Oregon and Washington.

Brooke Van Vleet Appointed President/CEO at St. Helens Community Federal, Board Terminates Merger Talks

Brooke Van Vleet brings 20 years of credit union experience to her new role as president/CEO at St. Helens Community FCU. Upon Van Vleet’s recommendation, the St. Helens board terminated a recent letter of intent to explore a merger with Wauna FCU.

Harborstone, Prevail Announce Plans to Merge

Harborstone and Prevail Credit Unions have agreed to merge, with a member vote expected in the fall. “Joining our organizations gives members even more stability and protection from future economic downturns.”

St. Helens, Wauna Explore Merger Talks as Northwest Credit Unions Continue to Join Forces

Wauna and St. Helens credit unions’ boards have signed a non-binding letter of intent to explore the benefits of merging. The announcement comes on the heels of last week’s news that Horizon successfully merged with Montana First Credit Union.

Kitsap Merger Brings Possible October Vote to Quimper Credit Union Members

Quimper Credit Union members may soon get a chance to vote on the creation of a nearly $1 billion financial cooperative as its board of directors seek a merger with Kitsap Credit Union.

Low Membership Voter Turnout Results in Failure of Montana First–Horizon Credit Union Merger

A board-approved inter-state merger with Washington-based Horizon Credit Union fails, with less than 20 percent of Montana First members voting.

Northwest Credit Union Foundation Legacy Programs Operating Seamlessly Through Merger

The Northwest Credit Union Foundation will continue to work seamlessly following the Jan. 1 merger of the Oregon and Washington Foundations.

Shared Branching Services Unite as FSCC Votes to Combine Services with Co-Op Financial Services

In a move that unifies credit union shared branching services, Financial Service Centers Cooperative, Inc. announced that it will combine operations with CO-OP Financial Services, effective early in 2012.

Horizon to Acquire Montana First CU, Extending Reach to Three States

Horizon Credit Union announced plans to acquire Montana First Credit Union, a $63 million institution based in Missoula, Mont. The deal has already been approved by both boards and is expected to be finalized early next year.

Oregon and Washington Credit Union Foundations Approve Merger to Enhance Philanthropic Support of the Northwest CU Community

The outreach and rich traditions of the Washington Credit Union Foundation and the Oregon Credit Union Foundation will be leveraged at a higher level as the organizations combine resources in a January merger. Foundation leadership commits to uninterrupted service for the remainder of 2011.

Yakima Valley and Catholic Credit Unions Unveil New Name, Brand

Recently-merged Yakima Valley and Catholic Credit Unions announced that they will begin operating under the name Solarity Credit Union after the merger is complete on Oct. 1. Included is video footage of the brand launch.

WesCorp Will Not Emerge From Conservatorship as United Resources; Regulator Urges Member Credit Unions to Stay Put Until a Merger is Worked Out

The NCUA has announced that three corporate bridge credit unions did not meet recapitalization goals. WesCorp, US Central and SE Corporate will not emerge as new entities. A number of Northwest credit unions have already been stung by WesCorp’s downfall.

Yakima Valley Credit Union Membership Approves Merger with Catholic Credit Union

Two Washington credit unions will join forces this fall, as Yakima Valley Credit Union and Catholic Credit Union announced a merger, effective Oct. 1, 2011.

NWCUA Announces Town-Hall Schedule

This year’s road show will outline a redistricting plan, highlight various Association achievements, and address membership concerns.