WSECU and SHCU, credit unions merging in service to community
WSECU and State Highway Credit Union (SHCU), two credit unions with strong ties to public service, are excited to announce their intention to merge in 2023.
Founded in 1938, SHCU is a single-location credit union in Union Gap dedicated to serving 1,600 members who are affiliated with several state agencies. These include the Washington State Department of Transportation, Washington State Patrol, the Department of Licensing, the Department of Ecology and others. This makes WSECU a great fit for SHCU members given our own deep connection to those in public service.
WSECU members will benefit from the merger with the addition of a second branch location in the Yakima Valley. The cooperative will also get the benefits of member growth that would come via the merger and the service excellence of SHCU’s friendly and knowledgeable employees, all of whom will be offered employment with WSECU and retained in the transition.
For SHCU members, the merger brings the benefits of access to a wider range of helpful products and services, including mortgages, business accounts, instant issue debit cards, investment services and more. They’ll also gain access to WSECU’s 22-branch network, Shared Branching services and the convenience of our online and mobile banking resources.
What comes next
The two credit unions have applied for regulatory approval for the merger, which also requires an endorsement vote by members of SHCU, expected to occur in late 2022. If approved, the merger is estimated to be completed in the spring of 2023. WSECU will be the continuing credit union.