Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
First Techs next step Members to vote on merger
PALO ALTO, Calif., and BEAVERTON, Ore. (10/19/10)--Members of First Tech CU, based in Beaverton, Ore., will be voting soon on its proposed merger with Palo Alto, Calif.-based Addison Avenue FCU. The two credit unions recently received approval for the merger from the National Credit Union Administration and the State of Oregon. “This is an important milestone in the merger approval process,” said Benson Porter, Addison Avenue president/CEO, “and we look forward to finalizing the merger.” During the last week of October, First Tech members will receive a voter’s guide and information about the proposed merger. A week later, they will receive an Official Ballot Packet, and will have 30 days to cast their vote. The results of the vote will be announced in early December. First Tech members are voting because First Tech would change from a state charter to a federal charter. Brooke Van Vleet, First Tech’s interim president/CEO, noted that the combined credit union will offer “more value for our combined membership, greater efficiencies and the strength to grow and prosper in the 21st century.” Both credit unions are strong, well-capitalized credit unions and share a culture of serving members from 21st century companies such as Hewlett Packard, Microsoft, Agilent, Intel, CH2M HILL and Nike. The combined credit union will have assets of $4.6 billion, 38 branches and more than 327,000 members.


RSS





print
News Now LiveWire
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
1 hour ago
You can get your subscription to @cuna 's free, daily, online #creditunion #news service News Now here: http://t.co/YtUejEmAYP
1 hour ago
CCUA hosts @TheNASCUS college for #creditunion directors http://t.co/CftpSXDKWx
4 hours ago
#NewsNow CUs as public funds depositories high on Fla. legislative agenda http://t.co/pt5UF4Zutk
4 hours ago
#NationalConsumerProtectionWeek begins Monday. http://t.co/BFLiUN7Twc
5 hours ago