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Porter Warns Against Using First Tech Merger as Exact Template

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.

By Jim Rubenstein | Updated on December 08, 2010

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.

“This merger of ours is really unique as a merger of equals and it’s not always easy to put together a consolidation with two different cultures or business strategies but with us it has worked well,” Porter said, commenting on the final membership vote taken last week on the Jan. 1 startup of the Oregon/California CU.

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