Oregon CUs Plan Rare Three-WayMerger

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PORTLAND, Ore. - (01/04/05) -- Three Oregon credit unions areseeking to combine their operations in one of the rare three-waymergers. Oregon Central CU, Oregonian FCU and Mountain View CU planput the merger proposal before their memberships later this month,with a goal of completing the combination by January of 2006. Thecombined institution will have $240-million in assets and serveapproximately 40,000 members from eight branches and become thestate's 11th largest credit union. Mike Cline, CEO of OregonCentral CU, would become CEO of the merged entity; while ChuckGarner, president of Oregonian FCU would become executive vicepresident, and Sam Launius, president of Mountain View CU, wouldbecome vice president of operations.

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