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In $460 Million Deal, Two Washington State CUs Merging

Moving to protect market share, two mid-sized Washington State credit unions, Yakima Valley CU and Catholic CU, both in Yakima and located six blocks apart, are planning a June merger creating a $460 million CU.

By Jim Rubenstein | Updated on January 05, 2011

Moving to protect market share, two mid-sized Washington State credit unions, Yakima Valley CU and Catholic CU, both in Yakima and located six blocks apart, are planning a June merger creating a $460 million CU.

Informal discussions between the competing CUs have been ongoing for nearly a decade but a decision to push a consolidation was triggered most recently by market forays by both banks and CUs into grabbing new loan business in Yakima, a community of 70,000 near the Oregon line.

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