SELCO Community Credit Union and Numerica Credit Union Announce Merger of Equals
SELCO Community Credit Union and Numerica Credit Union have announced a merger of equals to create the second-largest Oregon-chartered credit union. The combined entity will manage nearly $8 billion in assets and serve over 325,000 members across 38 branch locations. While the organization will operate under SELCO's Oregon charter with headquarters in Springfield, Oregon, it will adopt the Numerica Credit Union name. The merger aims to leverage combined resources to enhance technology investments, account security, and product offerings. Because the two institutions serve distinct geographic regions, there are no immediate plans for branch consolidations. The transaction has been approved by both boards of directors and is subject to regulatory approval and a vote from Numerica's membership, with legal integration expected to conclude by early 2028.
Topics: banking industry credit unions financial services merger
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