EUGENE, Ore. – Northwest Community CU and Mid-Oregon CU announced last week they have called off plans to combine and create an $800 million credit union.
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Both credit unions said they have decided to remain independent for now.
The merger was announced a year again October 2010, when officials of both credit unions said product and service expansion and branch expansion in pursuing the merger. In March, Northwest Community’s president and CEO unexpectedly resigned to care for her ailing husband, prompting Northwest to search for a new president and CEO.
Northwest has $660 million in assets and Mid-Oregon, based in Bend, has $165 million.
