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
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
.@TheNCUA issued orders prohibiting 7 from participating in affairs of any federally insured FIs. See #NewsNow Wed. http://t.co/UFBxuYDB8T
1 hour ago
Albuquerque biz journal highlights #NewMexico's #creditunion culture http://t.co/wpD6scAObo
1 hour ago
#NewsNow LCUL's Cochran: 'Old' benefits attract young, new members http://t.co/nqShYqmfzs
1 hour ago
Over 3,000 #creditunions across the nation raised raise > $10,750,000 for local Children's Miracle Network Hospitals in 2014--a new record.
2 hours ago
Consumer spending is slumping #Market #Economy http://t.co/RI4HS68IuJ
18 hours ago