The $34 million, 3,262-member Greater Oregon Federal Credit Union in Burns, Ore., will merge with the $1 billion, 89,677-member SELCO Community Credit Union in Eugene, Ore., by July 1, the credit unions said.
This is SELCO's second merger in the past 18 months. In April 2012, SELCO merged with the $40 million Forest Park FCU in Portland.
"The GOFCU Board of Directors had a lot of confidence in SELCO's history of professional merger experience," said Ann Lessar, GOFCU's board chair. "We appreciated SELCO's sensitivity to the member impact, cultural and technical aspects of credit union mergers."
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