There are still a few regulatory hurdles to clear but the $452 million Horizon Credit Union of Spokane Valley, Wash. and the $64 million Montana First CU will move ahead with plans now to consolidate their operations after a revote by members of the Missoula, Mont., credit union.

“With both of us holding community charters, it can get a little complicated with trigger regulations to be cleared in both states and NCUA approval to get our merger finalized by September,” said Jeff Adams, president/CEO of Horizon, the surviving entity. Under the consolidation deal approved by members June 26, Montana First retains its brand. 

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