ONTARIO, Ore.–A majority of members of who cast votes related to a merger between Malheur FCU and Rogue Credit Union have voted in favor of the combination.
The $180-million MFCU sent ballots to 11,458 members and of those 9.48% responded, with 1,084 (68%) approving the merger, the Argus Observer reported. Of the thousands of ballots sent out, there was a 9.48% response. That tally came from votes of 1,084 members, the report added.
According to Kelsey Esqueda, marketing manager with Rogue Credit Union, the merger process is expected to take about a year.
MFCU Board Chairman Roger Yasuda said in a statement, “We know that together, our organizations will be stronger. This partnership will provide our members with an expanded service area, robust and enhanced products and services.”
“We are thrilled to welcome Malheur Federal Credit Union to our team,” added Rogue President/CEO Gene Pelham in the release. “This merger will ensure that rural communities continue to have credit union services for decades to come.”
Medford, Ore.-based Rogue Credit Union has approximately $2.1-billion in assets and 150,000 members.