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Merger Would Make $1 Billion First Tech Even Larger

BEAVERTON, Ore. - If everything goes as planned, First Technology CU, Beaverton, Ore., the second largest credit union in the state, will merge and be the surviving credit union, with Oregon Metro FCU, Eugene, Ore. First Tech has more than $1 billion in assets. Oregon Metro has $54 million. Oregon's...

By Staff Writer | Updated on September 02, 2003

BEAVERTON, Ore. – If everything goes as planned, First Technology CU, Beaverton, Ore., the second largest credit union in the state, will merge and be the surviving credit union, with Oregon Metro FCU, Eugene, Ore. First Tech has more than $1 billion in assets. Oregon Metro has $54 million. Oregon’s state regulator and the NCUA have approved the merger pending the vote by Oregon Metro’s membership. Oregon Metro’s board recommended the merger as a way to “provide greater convenience to members, access to First Tech’s leading edge technology-based services, and greater opportunities for Oregon Metro staff.” The credit union’s existing branches in Eugene, Springfield, and Oakridge will continue to operate. First Technology has seven branches in Oregon and Washington State. Oregon Metro has more than 10,000 members who live or work in Lane County. First Technology serves more than 100,000 members from over 800 high tech and telecommunication companies throughout the Silicon Forest as well as select employee groups in Oregon.

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