Richland’s SECU Federal Credit Union will merge later this month with Spokane-based Numerica Credit Union. The merger will become official on May 31st.

Although SECU has more than 3,000 members and assets totaling more than $12 million, its size kept SECU from being able to offer its members some services that larger credit unions do. So, it went shopping for a bigger partner and decided on Numerica.

SECU President/CEO Eldon Ladd told the Tri-City Area Journal of Business that the merger is “a good fit” for SECU. That article offers more details about what will happen locally to SECU’s buildings and employees:

Once the merger is complete, Numerica will take over all of SECU’s assets, including its headquarters at 1780 Fowler St. in Richland, which will become a Numerica branch.

Ladd, who will not remain with the organization after the merger, said Numerica is interviewing SECU’s eight employees and some will transfer to Numerica.

“Our intention is to try to keep as many people as we can,” said Dennis Cutter, Numerica’s president and CEO.

SECU’s headquarters is on Fowler St. in Richland, and it also has a branch on Sylvester Ave. in Pasco.

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