Numerica Credit Union and SELCO Community Credit Union Announce Merger
Numerica Credit Union and SELCO Community Credit Union have announced a merger of equals, creating a combined entity with approximately $8 billion in assets.
Numerica Credit Union and SELCO Community Credit Union have entered into a definitive merger agreement. The combined organization will operate as the second-largest Oregon-chartered credit union, managing nearly $8 billion in assets and serving a membership base exceeding 325,000 individuals.
The strategic move combines operations across Washington and Oregon, aiming to expand the service infrastructure available to members. By merging, the entities seek to leverage their collective financial strength to improve service delivery and technological capabilities.
The integration process begins following the announcement, with both organizations working to align their operations. The merger reflects a broader trend of consolidation among regional financial institutions seeking to maintain competitiveness.