SPRINGFIELD, Ore. and SPOKANE VALLEY, Wash. (KTVZ) — “Driven by the opportunity to do even more for their members”, SELCO Community Credit Union and Numerica Credit Union announced Wednesday a step they called “a merger of equals, uniting two credit unions rated among the strongest in the Pacific Northwest by regulatory examiners.”
Upon completion, the combined credit union will serve more than 325,000 members and operate 38 branch locations, with nearly $8 billion in assets, making it the second-largest credit union by asset size in Oregon, the two organizations said in a news release that continues below:
The combined organization will operate under SELCO’s Oregon charter and Springfield, Oregon headquarters. Because SELCO and Numerica serve distinct geographic areas, there are no plans to consolidate branches, and Numerica’s current headquarters will become the combined credit union’s secondary headquarters and house the office of the CEO…