SUNNYSIDE, WA (July 2, 2018) — The membership of Wenatchee Valley Federal Credit Union (WVFCU) in East Wenatchee, WA has selected Lower Valley Credit Union as its merger partner. This merger will provide new financial opportunities and services to the members of WVFCU. On June 19th, 2018 a special meeting was held and the merger was approved by a majority of WVFCU voters. The merger became official through the Secretary of State on June 30th, 2018.
“It is an honor to be selected as WVFCU’s merger partner and to join the Wenatchee community,” says Suzy Fonseca, President/CEO of Lower Valley Credit Union. “The merger will benefit the members of WVFCU by expanding the range of services offered and providing additional locations to do business throughout the state of Washington. We look forward to building meaningful relationships with our new members and providing new opportunities to the surrounding communities.”
“In addition, we appreciated the assistance of Your Credit Union Partner, operated by Scott Butterfield, throughout navigating the intricacies involved in the merging in of a fellow financial institution for the first time in Lower Valley Credit Union’s rich history. While the merger process was a complicated and time consuming endeavor, the support provided was invaluable,” Suzy stated.
Effective November 1st, 2018, the full data and member conversion will be complete, allowing WVFCU members to be eligible for access to all of Lower Valley Credit Union’s online, mobile, and in-branch products and services.
The combined credit union now holds $152 million-plus in assets and approximately 20,000 members with a total of five branches and one lending office located throughout Yakima, Benton, Franklin and Douglas counties.
Lower Valley Credit Union is a $152 million, Low Income Designated, Community Development Financial Institution (CDFI) deeply rooted in Washington State’s Lower Yakima Valley. Founded in 1952 and headquartered in Sunnyside, the credit union also operates branches in Prosser, Grandview, Yakima, Pasco & East Wenatchee. LVCU is dedicated to serving the needs of its community and growing membership of nearly 20,000 strong through following its vision of ‘Planting Seeds of Opportunity for a Better Tomorrow’.
Lower Valley Credit Union is a $107 million, Low Income Designated, CDFI certified credit union deeply rooted in Washington State's Lower Yakima Valley. Founded in 1958 and headquartered in Sunnyside, the credit union also operates branches in Prosser and Grandview. LVCU is dedicated to serving the needs of its community and growing membership of nearly 14,100 strong through following its vision of ‘Planting Seeds of Opportunity for a Better Tomorrow’.
Ray Morrow
Marketing VP
900 Yakima Valley Hwy
Sunnyside, WA 98944
Phone: (509) 837-5295
Fax: (509) 837-6275
Email: rmorrow@lowervalleycu.org
