Sunday, December 9, 2018

Merger Will Create $3.3 Billion CU

Gesa Credit Union (Richland, WA) and Inspirus Credit Union (Tukwila, WA) announced their intention to merge.

The merger would create a credit union with $3.3 billion in assets with 23 offices throughout the state of Washington.

Inspirus Credit Union has $1.3 billion in assets and almost 80,000 members.

Gesa Credit Union has $2 billion in assets and almost 163,000 members.

According to the FAQ, the merger would create increased efficiencies, which would provide greater benefits to members and would allow the credit union to invest in new technologies and services.

The merger requires the approval of regulators and is expected to close in April 2019.

Read more.
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