Share Credit Union has announced that it will merge into Watermark Credit Union by the end of May 2008.
With approval from Share Credit Union’s board of directors earlier this year, the credit union’s members voted to approve the merger. Now the unions will begin to work together to join the two institutions as seamlessly as possible.
Following the merger, Watermark Credit Union will retain all of Share’s employees as well as their two Seattle-based branches. All Share members’ accounts will become Watermark accounts. In addition, Watermark will shift some of its existing employees to the Share branches to ensure a smooth transition.
Steve Diklich, CEO of Share Credit Union, said: Watermark is a well-capitalized credit union committed to providing superior member service. It is evident that this high quality service is provided by skilled employees, motivated by a management team that is committed to the credit union philosophy of people helping people.