Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
NCUA approves big Addison Ave. First Tech CU merger
ALEXANDRIA, Va. (10/15/10)--The National Credit Union Administration (NCUA) has approved the merger of Addison Avenue FCU, Palo Alto, Calif., and First Tech CU, Beaverton, Ore. The NCUA on Thursday told news Now that it officially approved the merger on Oct. 4. Both credit unions served members from high-tech companies such as Hewlett Packard, Microsoft, Agilent, Intel, and CH2M HILL. The newly merged credit union, which will operate as First Tech FCU with corporate offices in Palo Alto, Beaverton and Rocklin, Calif., will hold $4.6 billion in assets from 320,000 members. The credit union will have 38 branches total. Addison Avenue President/CEO Benson Porter earlier this year said that the partnership is a tremendous opportunity for the credit unions to create more value for their combined membership and sponsor companies.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
18 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
19 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
21 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
23 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
1 Day ago