Members have ratified the proposed merger of statewide credit union trade associations in Washington and Oregon.
The proposal, announced earlier this year, was approved within the past two weeks, David Bennett, spokesman for the Washington Credit Union League, said Wednesday.
The Washington league, formed in 1934, currently represents 118 member credit unions throughout the state. The Credit Union Association of Oregon, formed in 1936, counts 85 credit unions. The associations represent members in matters of legislative and public advocacy.
The new group will be called the Northwest Credit Union Association and will have its headquarters in Federal Way.
Current Washington President and CEO John Annaloro will become CEO of the new group, while Oregon head Troy Stang will serve as president, Bennett said.
The new organization will begin operations Jan. 1.