On October 28, 2026, SELCO Community Credit Union (“SELCO”), Springfield, Oregon, announced that it had entered into a definitive agreement to merge with Numerica Credit Union, Spokane Valley, Washington. Together, the combined organization would serve more than 325,000 members and operate 38 branch locations, with nearly $8 billion in assets, making it the second-largest credit union by asset size in Oregon.

SELCO has approximately $3 billion in assets and serves over 150,000 members throughout Oregon.

Numerica Credit Union has approximately $5 billion in assets and serves more than 175,000 members throughout the state of Washington and North Idaho.

Luse Gorman is serving as legal counsel to SELCO in the transaction. The Luse Gorman team includes Jeff Cardone, Michael Brown, Brendan Saxon, and Babette Schwartz.

Luse Gorman has acted as counsel on more than 150 bank and credit union M&A transactions during the past ten years and more bank and credit union M&A transactions than any other law firm in the nation over the past 20 years.  To learn more about our mergers and acquisitions practice, please visit our website.