The media blitz scheduled this week to highlight achievements of cooperatives is taking a slightly different tone amongst credit unions in Oregon and Washington state.
In an unforeseen management shift, Benson Porter, president/CEO of the $5 billion First Tech Federal Credit Union of Palo Alto, Calif., will be taking over the $9.7 billion BECU of Tukwila, Wash., next April, succeeding retiring CEO Gary Oakland.
Northwest Credit Union Association bulletin stresses transparency, cites new class action suit against bank.
Benson Porter said the chance to return to his native Seattle was a major factor in his decision to leave First Tech.
First it was Seattle and now Portland considering the idea of moving funds from banks to CUs.
Council adopts resolution but move would take state legislative action.
The Northwest Credit Union Association said more than 2,100 people switched to a credit union on Bank Transfer Day in Oregon and Washington state.
Bank Transfer Day apparently was a big hit in Seattle.
A year after their leagues merged, the Oregon and Washington credit union foundations will become the Northwest Credit Union Foundation as of Jan. 1.
Linda Jekel, credit union regulator for the state of Washington, said she does not foresee any supervisory issues arising from Bank Transfer Day.