The $238 million Prevail Credit Union in Seattle, Wash., announced last week that the members voted to merge into the $781 million Harborstone Credit Union in Lakewood, Wash.
Consolidation will create billion dollar Seattle-area credit union.
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.
The $778 million Harborstone of Lakewood, Wash., and the $241 million Prevail of Seattle, have signed letters of intent for a consolidation.
For its commitment to military personnel and their families, the United States Air Force has awarded its 2010 Air Force Credit Union of the Year honor to Harborstone Credit Union.