TACOMA, Wash.–Two Washington credit unions have announced merger plans. The $2.6-million Fluke Employees FCU said it will merge into the $1.8-billion Sound Credit Union. The credit unions are now seeking regulatory approval and a vote by members of Fluke Employees FCU.
“For over 48 years, our mission has been to provide Fluke associates and their family members accessible, competitive, and convenient financial services,” said Dan Wright, chairman of the FEFCU board, in a statement. “Through this merger our members will gain access to a full suite of products and services. We are proud of what FEFCU has accomplished and look forward to new opportunities with Sound.”
“We are excited to announce this merger,” said Don Clark, Sound’s President and CEO. “Through this opportunity, we can offer FEFCU members more diverse products and services, digital banking tools and access to our full-service branches that are located throughout the Puget Sound region. We look forward to building relationships with these members and standing with them through all waves of life.”
If approved, the merger is set to be completed in mid-2020.
Founded in 1971, Fluke Employees Federal Credit Union has been serving employees, retirees, and family members of Fluke Corporations and its affiliates. It has more than 500 members.