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The Board of Directors and leadership team of Consolidated Community Credit Union (CCCU) are excited to announce a pending merger with Providence Federal Credit Union (PFCU). CCCU and PFCU both are looking forward to serving you and future generations by combining our strengths and resources. This merger is a collaboration between two credit unions seeking to combine financial resources and expertise for the sole purpose of providing members with expanded services. We are excited about all the new products and services we will be able to offer our members.

Hear from the CEO

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Member Benefits

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FAQs

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Building for the Future

Check out this short video from Shirley Cate, PFCU President and CEO and Larry Ellifritz, CCCU President and CEO to learn more about the 'why' behind the merger and how it will help us build a better future and institution for our members.

A Message From the CEO, Larry Ellifritz

I am very excited to announce that we have a signed merger agreement with Providence Federal Credit Union.

Currently, we are in the early stages of the merger, but we will continue to keep you informed on our merger resources page with further updates as they happen. As a CCCU member, there is no action required on your part. PFCU members will vote on the merger throughout fall 2024. More information will be available after their voting has concluded in December.

Why Merge?

Banking and financial services is a competitive industry. By joining together, we will be better positioned to offer competitive financing and enhanced services for our members. Merging these two strong organizations will combine shared values and will provide members additional financial protection against future economic downturns.

Member Benefits:

  • Improved financial product and service offerings
  • Increased financial strength ensuring long-term sustainability
  • Advancements in digital financial tools
  • Expanded branch access

Our members are our top priority, and every decision we make is carefully considered with your best interests in mind. Joining forces with PFCU ensures we continue on the path to building for a financially secure future.

Thank you for your continued support and membership,

larry sig
Larry Ellifritz
President/CEO
Consolidated Community Credit Union

Larry-Ellifritz

 

Member Benefits

Banking and financial services is a competitive industry. By joining together, PFCU and CCCU will be better positioned to offer competitive financing and enhanced services for our members.
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Financial Strength

Increased financial strength ensuring long-term sustainability

Additional Locations

Expanded branch access

Product & Services

Improved financial product and service offerings

Digital Tools

Advancements in digital financial tools

Frequently Asked Questions

Why the merger?

Due to the ever-changing landscape of the financial services market, the Board of Directors and management of both credit unions thought this was the best path to continue meeting the financial needs of our members. Together, our organizations will continue to grow and evolve, helping us market to our community, implement new technologies and provide operational and administrative guidance. This support will ultimately translate into a deeper product and service mix for our membership.

Shirley Cate, President and CEO of PFCU, will be retiring upon completion of the merger and Larry Ellifritz, the current President and CEO of CCCU, will become the President and CEO of the combined organization.

This is a very positive event for both our credit unions, and our Board and management teams are excited to watch the evolution of the new combined organization.

What stage of the merger process are CCCU & PFCU in?

Currently, we are in the initial stages of the merger. We have applied for the merger with the NCUA and are waiting for regulatory approval. We expect to have approval by early October 2024. The entire merger timeline, including system conversions, should take about a year to complete.

How will this merger affect me?

Your checks, ATM and debit cards will continue to work as normal and we do not anticipate any interruption of service.

How does the merger impact current CCCU employees?

All CCCU employees will be retained. We are excited to collaborate with PFCU employees and to serve their members, as well.

What if I have an account at both credit unions?

If you have an account open at each location, your PFCU account will move over to CCCU under your CCCU membership at the time of conversion, which is anticipated to be in June.

Will we be able to use PFCU branches?

Yes! Once the merger is complete, CCCU members will have access to the PFCU location in Beaverton and an Interactive Teller Machine (ITM) in the Portland Medical Center (NE Glisan & 47th Ave).

Can I give input or ask questions about the process?

Yes, we want to hear from our members and if you have questions, comments or concerns, please let us know—we want your feedback. Both credit unions will be hosting a special membership meeting to answer any questions our members might have regarding the merger.

What does this mean for digital banking services (Online Banking, Mobile Banking, Apps)?

We do not anticipate that members will experience any changes or interruptions to their digital banking experiences. Combining the two organizations will only allow us to provide additional technology, products and services to support your financial needs better. We’ll be sure to keep you informed of any improvements being made.

What if I have an account open with CCCU & PFCU?

If you have an account open at each credit union, your PFCU account will move over to CCCU resulting in two separate accounts, which is anticipated to be in June 2025.

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© Consolidated Community Credit Union 2024 | 2021 NE Sandy Blvd Portland, OR 97232 | Routing #: 323075136 

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CCCU is committed to serving all persons within its field of membership, including those with disabilities. We strive to make not only our physical branches accessible but also to conform to WCAG 2.0 guidelines for website accessibility. Our efforts are ongoing including frequent testing and updates to improve accessibility. Should you have any problems accessing our branches or website, please contact us so that we may promptly assist you and remedy any accessibility concerns.

Consolidated Community Credit Union is an assumed business name of Consolidated Federal Credit Union. Consolidated Community Credit Union, CCCU, and Consolidated Federal Credit Union are service marks or registered service marks of Consolidated Federal Credit Union. All other marks not owned by Consolidated Federal Credit Union that appear herein are the property of their respective owners, who may or may not be affiliated with, connected to, or sponsored by Consolidated Federal Credit Union. Consolidated Community Credit Union, CCCU-Cascade, and CCCU are trade names of Consolidated Federal Credit Union. Although these branches have different names, they are all part of the same credit union and shares held at each office are not separately insured.

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