Business

Kitsap, Quimper credit unions to merge operations Nov. 1

The members of Quimper Community Federal Credit Union have voted in favor of a proposal to merge with Kitsap Credit Union, with a 93 percent approval rating.

The two not-for-profit cooperatives will combine operations under the name Kitsap Credit Union, effective Nov. 1 and begin planning the integration of accounts to occur early next year.

“We are grateful for the members’ vote of confidence and are looking forward to bringing them additional benefits,” Debbi Greenspane, Quimper’s president/CEO said.

One of the more immediate benefits for Quimper members will be the return of dividends on Savings and Money Market Accounts that were suspended earlier this year.

Other benefits will include more loan options, better access to accounts through additional branches and ATMs and mobile and text banking.

Elliot Gregg, Kitsap Credit Union’s president/CEO said, “This merger provides an opportunity to add value to our mutual memberships and we are excited to welcome the Quimper members to the Kitsap Credit Union family.”

Kitsap Credit Union members will benefit by the addition of two branches in Jefferson County that will begin to serve their needs in early November.

The combined financial co-op will hold more than $960 million in member assets, serve approximately 90,500 members, and employ 329 staff members, including all of the existing Quimper employees.

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