“Our vision is to expand our long-time headquarters into a Meriwest ‘Campus,’” Pesta said. “When complete, our campus will elevate our visibility and community engagement, better serve our members with increased access to services, and strengthen our roots in San Jose.”

“Completing this purchase on May 5th, Meriwest’s 64th birthday, was made possible because of our incredibly loyal members and our deeply committed team,” she said.

In addition to its headquarters, NCUA data showed the credit union had 11 branches as of Dec. 31, all in Santa Clara County, and four other corporate offices dispersed in four states. It had 232 employees March 31, all full-time, as of March 31.

Meriwest earned $5.5 million (0.26% ROA) in 2024, more than double its earnings in 2023. It earned $602,303 net income in the first quarter.

HAPO Community Credit Union of Richland, Wash. ($2.4 billion in assets, 209,372 members) is also planning to expand corporate offices by developing a vacant tract in Richland to house at least two buildings for its commercial banking business, which is soon to expand when it buys an area bank.

The Tri-City Herald, a McClatchy news organization in Richland, Wash., reported March 17 that HAPO will spend $10 million on the project, including the $3 million it spent on the four-acre tract in January. Construction of the 31,000-square-foot buildings is expected to begin as early as June.

HAPO announced last October that it planned to buy the $632 million Community First Bank in Kennewick, Wash., by September 2025.

Contact Jim DuPlessis at [email protected].