Three Northwest states–Washington, Oregon and Montana–have become the nation’s epicenter of merging activity among credit unions, with supporters claiming the trend underscores a higher level of member service.
Essex National Securities Inc., a broker-dealer once owned by a subsidiary of Addison Avenue FCU, has been acquired by private New York investment firm.
No date set for replacement to be named for Benson Porter, newly appointed CEO at BECU.
Members of First Tech Federal Credit Union will have access to an extended lineup of investment and wealth management services thanks to a new partnership.
Addison Avenue Investment Services, the investment services program of First Tech Federal Credit Union, has partnered with Raymond James Financial Services Inc.
The head of the new $4.7 billion First Tech Federal Credit Union, Benson Porter, cautioned Thursday against credit unions elsewhere using the California/Oregon mega-merger as an exact template or business model.