Consolidations will result in combined assets ranging from $241 million to $1 billion.
Sound CU CEO, heading for merger completion, sees interchange cap forcing possible changes in checking programs.
Two Seattle area credit unions, the $564 million Watermark CU and the $544 million Sound CU of Tacoma, are planning a summer merger, creating the state’s fourth largest CU.
Following the pattern set this week in Washington State, mid-sized credit unions across the country will be looking to chart more “mergers of equals” to remain competitive with larger brethren.
With two Minnesota mergers still underway, Wings Financial Credit Union has its radar set on expanding its field of membership to the Puget Sound area in Washington.
The $3.2 billion Wings Financial Credit Union said today it has received approval to expand its field of membership to the Puget Sound area in Washington.