Growing Together
Merger Information
* This page will continually update as information becomes available
02/01/23
The Klamath Public Employees FCU has merged with Pacific Crest FCU.
The votes cast by Klamath Public members were recently tallied for the proposed merger. We are happy to report a passing majority! Our community will benefit by having a locally headquartered credit union with expanded service offerings.
Pacific Crest FCU members will likely see very little impact on their day-to-day financial services.
February 1st is the effective merger date.
- Officially, Klamath Public Employees Federal Credit Union will become a division of Pacific Crest Federal Credit Union. The current Klamath Public logo will continue to be used on the branch, on statements, the website, etc.
- Pacific Crest FCU staff are beginning to upgrade computers and systems at Klamath Public and laying the foundation for expanding the products and services offered.
- We anticipate that this summer you will be able to utilize the added convenience of Klamath Public’s branch.
Please Note: If you have more than $250,000.00 in combined deposits, your deposit insurance by NCUA may be affected. Please contact us for details.
08/05/22
The boards of Pacific Crest Federal Credit Union and Klamath Public Employees Federal Credit Union have recently voted and passed resolutions of intent to merge.
As member-owned cooperatives, both Pacific Crest FCU and Klamath Public Employees FCU exist to serve our members. Joining forces is a step forward for our members and our region. As the only two financial institutions headquartered in Klamath County, this strategic partnership will allow us to better serve the needs of the Klamath Basin and the surrounding area.
Our two Credit Unions already enjoy a cooperative relationship and a common culture, wholeheartedly embracing the credit union philosophy of people helping people. This merger is about doing what is best for our members and assuring that our region continues to have local decisions made by local people who live and work here. Our members will continue to be able to walk into a branch and talk with the same people they know and trust.
Under the planned merger, members of both credit unions will benefit from an anticipated expansion of services and an expanded number of branch locations with the branches of both organizations remaining open after the merger. The merger will be subject to a lengthy regulatory process including a vote by KPEFCU members. We will do our best to keep all members informed about the planned merger as more information becomes available.
Frequently Asked Questions
If you are a member of Pacific Crest FCU, we anticipate no disruption in service or changes to your accounts or services. If you are a member of Klamath Public Employees FCU, at this point you don’t need to take any action. As our team works to integrate systems, we will communicate about any changes before they occur. Please watch your mail, email, and KPEFCU.com for updates.
Pacific Crest FCU and Klamath Public Employees FCU share a similar culture, mission, and membership base. We’ve both been headquartered in Klamath County for many years (Klamath Public Employees since 1949 and Pacific Crest since 1936) and we enjoy a cooperative working relationship. Combining our resources and energy will create more efficiency and greater value for all our members. We anticipate that members will benefit from an expansion of products, services, and convenient branch locations.
We plan to keep all branches operating as usual. Our goal is to retain all employees from both Credit Unions. Members will likely see the same familiar faces at every branch location.
Our goal is to retain all employees from both Credit Unions. We plan to keep all branches operating as usual. Members will likely see the same familiar faces at every branch location.
Pacific Crest FCU is the continuing Credit Union and will experience no name change.
The Klamath Public branch at 3737 Shasta Way will be referred to as the Klamath Branch of Pacific Crest.
Officially, Klamath Public Employees Federal Credit Union is now a division of Pacific Crest Federal Credit Union.
Yes! After the migration is complete (June 29 – July 3). Members will be able to use any Pacific Crest branch to conduct business – including the Klamath branch at 3737 Shasta Way in Klamath Falls.
After the migration weekend (June 29 – July 3), all of your accounts will be accessible through Pacific Crest systems.
Your existing Pacific Crest accounts will continue to function as normal. When your Klamath Public accounts migrate, it may result in duplicates – such as two Savings accounts or two Checking accounts. You can continue to use both as desired, or consolidate any time after July 3rd by visiting a branch or contacting us at 800.570.0265.