PORT ANGELES, Wash. – The $100-million Strait View CU here has agreed to merge with $250-milion Great NorthWest Credit Union, headquartered in Aberdeen, Wash.
The proposed merger still must get regulatory and membership approval, but both boards of directors have unanimously approved moving forward, and the credit unions have begun the formal review and approval process required by state and federal regulators, KONP said.
Strait View CEO Lisa Roening told KONP that the tentative vote among its members will likely occur sometime in the middle of next year. If approved, she said local members won’t likely see any changes overnight. The name will stay the same and they’ll still have the same employees.