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2 Wash. credit unions merging

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2 Wash. credit unions merging

Olympia, Wash.-based Tulip Cooperative Credit Union is expected to merge intoLakewood, Wash.-based HarborstoneCredit Union by Sept. 1, TheOlympian reported July 18.

The pending merger requires regulatory approval.

According to the news story, Harborstone has 78,000 membersand assets of $1.2 billion, while Tulip has 1,200 members and assets of $2.6million.

Harborstone CEO Phil Jones said that Tulip's sole branch, onUnion Ave., will likely remain open there through the end of 2016, and thenmove to a new location that will do business as Harborstone, while keeping theTulip brand, according to the news story.