Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Two Oregon CUs call off merger
BEND, Ore. (9/19/11)--The hiring of a new CEO hiring has put on hold merger talks between two Oregon credit unions. After considering a merger, Mid Oregon, with $148 million assets, Bend, Ore., and Northwest Community CU, with $661 million assets, Springfield, Ore., have decided to remain stand-alone organizations, according to a newsletter on Mid Oregon’s website. “NW Community Credit Union was somewhat unexpectedly put in the position of having to select a new CEO and that required their sole focus,” Mid Oregon president/CEO Bill Anderson wrote in the August edition of Member News. “The new CEO hiring has occurred and an important responsibility of their new CEO will be to assimilate into the leadership position of a complex organization. That will take some time. This was a long term strategic opportunity.” Mid Oregon is financially healthy and has “no plans to actively pursue any other mergers at this time,” Anderson wrote. NW Community CU recently hired John Iglesias as its new president/CEO. Iglesias most recently served as the president/CEO of Salal CU, Seattle.


RSS





print
News Now LiveWire
.@NCUFoundation's Hyland, #creditunion leaders grace small screen for Va. TV program #CUNANewsNow http://t.co/opmMXzD91e
13 minutes ago
.@FHFA:2015 maximum conforming loan limits 4 mortgages bought by Fannie,Freddie stay at $417,000/one-unit properties in most of the country.
2 hours ago
.@CUNA's Susan Tiffany on 6 must-dos before buying a home http://t.co/RfD4exxN5l
2 hours ago
Overlooked law led to Fourth Corner charter via @denverpost http://t.co/nwjOLlxH2v
3 hours ago
American Banker reporter follows up with CUNA's Schenk on holiday spending survey results http://t.co/T5DmIWUkaM
5 hours ago