Numerica and SELCO Announce Merger of Equals Creating Nearly $8 Billion Oregon Credit Union

SELCO Community Credit Union and Numerica Credit Union announced a merger of equals on October 28, 2026, combining nearly $8 billion in assets and more than 325,000 members. The organizations said in a PR Newswire release that the combined credit union will operate 38 branch locations and become the second largest Oregon-chartered credit union by asset size.

Numerica and SELCO's Merger Terms

Springfield, Oregon-based SELCO Community Credit Union serves more than 150,000 members with more than $3 billion in assets, according to the release. Spokane Valley, Washington-based Numerica serves more than 175,000 members with more than $5 billion in assets under management.

The combined organization will operate under SELCO's Oregon charter and Springfield headquarters. Numerica's current headquarters will become the combined credit union's secondary headquarters and house the office of the CEO. Because the two credit unions serve distinct geographic areas, the release states there are no plans to consolidate branches.

The merger has been unanimously approved by both boards of directors and is subject to regulatory approval and a vote by Numerica's membership. Following the merger, the combined organization will operate under the Numerica Credit Union name, with Carla Cicero serving as President and CEO. Bob Newcomb will lead SELCO through the legal integration, then retire upon its completion, concluding a career of more than 44 years in the credit union movement.

"This partnership brings together two credit unions that are connected by purpose and driven by opportunity," Newcomb said. "Merging the strengths and resources of high-performing, mission-aligned organizations means we will be able to offer additional products and services, increase investments in technology and account security, and support the combined credit union's long-term financial health."

Members will experience no immediate changes, as the two organizations will operate independently as SELCO and Numerica until their systems and processes are integrated. The credit unions will partner to develop a shared identity that honors both organizations' long histories.

Other Credit Union Combinations This Month

Financial Plus Credit Union and Monroe Community Credit Union announced their intent to merge on October 27, 2026, pending regulatory and member approval, PR Newswire reported. The combined organization would have more than $2 billion in assets.

CommunityAmerica Credit Union will merge with Tulsa-based WeStreet Credit Union, which has $1 billion in assets, American City Business Journals reported on October 21, 2026. The deal is CommunityAmerica's third in the past year.

Numerica and SELCO's Integration Timeline

Legal integration is expected to be completed by early 2028. Until then, SELCO and Numerica will operate independently while developing a shared identity.