The planned $4.6 billion merger of First Tech Credit Union of Oregon and Addison Avenue FCU of California, representing the largest CU consolidation in history, is on course to receive member and regulatory approval, according to First Tech management.
For weeks, the two CUs have engaged in a well-organized communications blitz in online forums, Webinars and town halls to familiarize members in both states with details of the proposed combination.
"The next phase of our communications program is a June voter guide, kind of a refresher to members to explain the merger," said Deborah Colby, vice president of marketing at First Tech of Beaverton whose 165,000 members spread across the U.S. must approve the merger with Addison as it takes on the federal charter.
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