FERNDALE, Wash. – Industrial CU has agreed to acquire Ferndale Refinery CU, a 57-year-old, $5 million credit union.

After the merger, the $165 million Bellingham credit union will close the tiny credit union’s lone branch and Ferndale Refinery’s only employee will join the larger credit union.

The merger is scheduled for completion Oct. 1


Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.