BEAVERTON, Ore. – If everything goes as planned, First Technology CU, Beaverton, Ore., the second largest credit union in the state, will merge and be the surviving credit union, with Oregon Metro FCU, Eugene, Ore. First Tech has more than $1 billion in assets. Oregon Metro has $54 million. Oregon's state regulator and the NCUA have approved the merger pending the vote by Oregon Metro's membership. Oregon Metro's board recommended the merger as a way to "provide greater convenience to members, access to First Tech's leading edge technology-based services, and greater opportunities for Oregon Metro staff." The credit union's existing branches in Eugene, Springfield, and Oakridge will continue to operate. First Technology has seven branches in Oregon and Washington State. Oregon Metro has more than 10,000 members who live or work in Lane County. First Technology serves more than 100,000 members from over 800 high tech and telecommunication companies throughout the Silicon Forest as well as select employee groups in Oregon.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.