A merger of two Oregon credit unions, the $661 Northwest Community CU of Springfield and the $148 million Mid Oregon CU of Bend, has been called off, the apparent result of management succession issues and the economy.
The actual decision to end talks "indefinitely" between the central Oregon CUs was made in June but was formally detailed in member e-mails distributed and made public last week.
The planned merger, seen as a way to add branches and enhance tech-driven services, had been announced as a letter of intent nearly a year ago and coincided with a spate of Northwest mergers led by the consolidation of First Tech CU of Portland, Ore., and Addison Avenue FCU of Palo Alto, Calif., into a $4.9 billion institution.
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