Advantis Credit Union's campus building. (Credit/Advantis CU)
Advantis Credit Union and Rivermark Community Credit Union said Thursday they are planning to merge by the third or fourth quarter of this year, which would create Oregon's third largest financial cooperative with 595 employees that would operate 19 branches and serve nearly 180,000 members.
If approved by regulators and Advantis members, the combined organization would manage assets of $3,388,223,836, based on the credit unions' 2023 third quarter Call Reports. Currently, Oregon's third largest credit union is Rogue Credit Union in Medford, which manages $3,330,868,904 and serves 207,856 members, according to its 2023 third quarter Call Report.
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