The nation's biggest inter-state merger has cleared a major hurdle. The NCUA has now given approval to the $4.6 billion consolidation of First Tech Credit Union of Beaverton, Ore., and Addison Avenue FCU of Palo Alto, Calif.
It's been nearly eight months now since plans for the nation's biggest credit union merger, the $4.6 billion consolidation of First Tech CU and Addison Avenue FCU, was unveiled--and there is still no word on any regulatory approval.
The California/Nevada Credit Union League has kicked off its search for a successor to its president/CEO, Bill Cheney, who is taking the CUNA helm July 5.
The California/Nevada Credit Union League formally picked a seven-member search committee Monday to recruit a replacement for CEO Bill Cheney, also selecting O'Rourke and Associates of San Francisco as its search firm.
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Two of the largest and most tech-savvy credit unions on the West Coast, Addison Avenue FCU of Palo Alto, Calif., and First Tech CU of Beaverton, Ore. are planning a merger this summer.
Two of the largest and most tech-savvy credit unions on the West Coast, Addison Avenue FCU of Palo Alto,
Addison Avenue FCU of Palo Alto, Calif. and First Tech CU, of Beaverton, Ore., are planning a consolidation this summer creating a $5 billion institution using the First Tech name.
The retiring president/CEO of the soon-to-be-merged First Tech Credit Union in Oregon demurred whether peer CUs across the nation might also be looking at mega matchups.