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A rare, three-way credit union merger has taken place among Oregon Central, Oregonian Federal and Mountain View Federal Credit Union, creating the 12th largest credit union in the state.
Oregonians Credit Union is a combination of Oregonian Federal's $45 million in assets, Mountain View's $23 million in assets and Oregon Central's $170 million in assets. Combined, the new credit union has about $239 million in assets, according to Mike Cline, president and CEO of the new organization.
The merger had been in the works since late last summer, when Cline, who at the time headed Oregon Central, was faced with the retirement of a key management team member and no management succession program in place.
Rather than go...