The head of the new $4.7 billion First Tech Federal CreditUnion, Benson Porter, cautioned Thursday against credit unionselsewhere using the California/Oregon mega-merger as an exacttemplate or business model.
"This merger of ours is really unique as a merger of equals andit's not always easy to put together a consolidation with twodifferent cultures or business strategies but with us it has workedwell," Porter said, commenting on the final membership vote takenlast week on the Jan. 1 startup of the Oregon/California CU.
With offices in suburban Portland and in Palo Alto, Calif. andwith 380,000 members in eight states, First Tech FCU is makingplans for a January rollout of its new brand as the two CUs, FirstTech and Addison Avenue FCU, are combined.
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