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The $196 million Lacamas Community Credit Union in Camas, Wash., will merge with the $503 million iQ Credit Union in Vancouver, Wash., according to a joint statement released Wednesday.

The combined credit union will become one of the largest in southwest Washington with nearly $700 million in assets, more than 67,000 members, 240 employees and 15 branches. The consolidation is expected to be complete in July 2014. “This is a strategic move that will reap rewards for both our members and our employees,” said Roger Michaelis, president/CEO of iQ Credit Union. “Together, we’ll be an even stronger institution with more convenient access to branches throughout the area and more efficiencies internally that will improve services to members.”

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Peter Strozniak

 

Credit Union Times

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