Washington-based TwinStar CU, Oregon-based Northwest Community CU to merge

Lacey, Wash.-based TwinStar CU and Eugene, Ore.-based Northwest Community CU intend to merge.

Pending regulatory approval and a Northwest Community CU membership vote, the merger is expected to be finalized in early 2023, with systems fully integrated in late 2023 or 2024, according to information posted on the credit unions' websites.

Immediately following the merger, the two credit unions will continue to operate under their current names until a new name for the combined credit union is determined. The merged organization will have approximately $4 billion in assets, more than 245,000 members and 36 branches throughout Oregon and Washington, according to a news release.

TwinStar CU CEO Jeff Kennedy will be the CEO of the combined organization and Northwest Community CU CEO John Iglesias will be the president.

To use S&P Capital IQ Pro's branch analytics tools to compare market overlap, click here. To create custom maps, click here.