The $46 million Quimper Community Federal Credit Union in PortTownsend, Wash., has merged into the $903 million Kitsap Credit Union in Bremerton, Wash.
Of the 5,500 Quimper Federal Community CU members, 893 membersvoted on the merger question at a special meeting Friday evening.According to Leah Olson, vice president of marketing forKitsap CU, 832 Quimper Federal Community CU members voted in favorof the merger and 61 members voted against it.
The financial merger of the credit unions is expected to occurNov. 1, which will officially consolidate the financials for bothorganizations, and Quimper Community FCU members will becomemembers of Kitsap CU. The combined assets of the credit unions willtotal $950 million with 90,500 members, 329 employees and 20branches.
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