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News Now

CU System
Oregon Washington CU Foundations to merge
BEAVERTON, Ore. (10/20/11)--The boards of the credit union foundations of Oregon and Washington have unanimously approved a merger plan to become the Northwest Credit Union Foundation (NWCUF), effective Jan. 1. Each foundation has more than a decade of experience in funding grants and supporting community outreach in the Northwest. Combined grant awards by the two organizations so far in 2011 have exceeded $225,000. “The development of our future industry is an important benefit that both foundations have traditionally provided,” said Oregon Credit Union Foundation (OCUF) Chair Carlyn Roy. “Once merged, credit unions of all asset sizes throughout the Northwest can be assured that we will have a stronger foundation with solid leadership moving forward.” The two organizations will be more streamlined and effective in providing professional development, training, disaster relief and outreach, said Washington Credit Union Foundation (WCUF) Chair Paula Slaye. “Our foundations are already closely aligned in our mission and collaboratively we will seize this opportunity to become even more impactful,” she added. Programs and services to applicants and beneficiaries of the respective foundations will not be disrupted during the transition. Trustees currently serving on the WCUF and OCUF boards will serve on the newly formed foundation board during its transition year in 2012. A NWCUF strategic planning session is planned for the first quarter of 2012. This is the second merger this year involving credit union agencies in Oregon and Washington. The memberships of the Credit Union Association of Oregon and the Washington Credit Union League voted “overwhelmingly” in early November to create the combined Northwest Credit Union Association (NWCUA), which began operations on Jan. 1 (News Now Nov. 12).


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