Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
St. Helens hires new CEO terminates merger plan
ST. HELENS, Ore. (7/1712)--With the hiring of a new CEO, St. Helens (Ore.) Community CU has called off plans to merge with Wauna FCU.

St. Helens Community CU, with $166 million assets, Friday announced the hiring of Brooke Van Vleet, a 20-year veteran of the credit union movement. Van Vleet most recently served as chief administrative officer at First Tech FCU, Palo Alto, Calif.

In her first official action, Van Vleet recommended, and the St. Helen's board agreed, that the credit union terminate plans to explore a merger with $143 million Wauna FCU, Clatskanie, Ore.  

The two credit unions signed a nonbinding letter of intent "to explore the benefits associated with merging," according to a statement released July 9 by the credit unions (News Now July 10).

"My focus needs to be on the day-to-day operations and getting up to speed quickly on current initiatives," said Van Vleet.  

"While the board still believes we should always explore strategic options that may benefit our members, we concur with Van Vleet's assessment that the credit union's energy currently needs to be focused on maximizing value to the membership through our current initiatives," said Lea Chitwood, chairman of the St. Helen's CU board.


RSS





print
News Now LiveWire
.@Bankrate highlights #creditunion affordability vs. banks: 'No surprise,' says @Nussle http://t.co/ocu2fImmsS
1 hour ago
Credit card issuers could see a reduced burden for 1 year under a @CFPB proposal issued this week. News Now: http://t.co/CYVXLUmVBq
16 hours ago
RT @CUEscan: Branches Will Be the Cornerstone of Growth http://t.co/fVqPPaGeVL http://t.co/xxMyKGQMrl
16 hours ago
RT @asmarterchoice: According to @Bankrate study, customers more likely to find FREE checking at #Creditunion than a bank! http://t.co/ntCb…
17 hours ago
Ditch monthly subscriptions to save $$, @YoungFreeMI Fielder tells @freep http://t.co/TFnsps4Dui #ASW2015
17 hours ago