Planned Merger – Growing Together
Planned Merger Information
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.