When it is completed, it will create a financial institution with a large footprint.
Numerica, Oregon Credit Unions to Merge
The news was formally announced the week of October 28th. Numerica, who’s based out of the Spokane Valley, will be merging with Oregon’s Springfield-based SELCO C.U.
The merger will operate under SELCO’s charter and still retain their Oregon headquarters, but the overall firm will operate under Numerica.
The Merger Will Create a Large Footprint
According to company information, the merger will create a chain with over 40 locations, $8 billion in assets, and 325,000 members. Both the Numerica and SELCO boards unanimously approved the merger, but it still has to clear standard regulatory hurdles, and a vote of Numerica members…