Inspirus & Gesa Credit Union Merger
Together, we can make a difference.
Last updated June 27, 2019
Voting is now open
Recently, Inspirus Credit Union members received official information from us regarding our proposed merger with Gesa Credit Union. This information included a Special Meeting of Members notification along with an official ballot and voting instructions. If you haven’t voted yet, and would like to cast your vote electronically, please click below.
For eighty years, Inspirus Credit Union has served the education community and strived to bring value to members by offering convenience and access to financial products and services that help members achieve their goals. The Board of Directors and Leadership Team of Inspirus Credit Union have officially announced plans for Inspirus Credit Union to merge with Gesa Credit Union to continue to enhance the credit union’s commitment to value and impact on the education community.
Inspirus and Gesa share similar values, philosophies and commitments to the communities they serve. Both believe passionately in giving back to the community, supporting education and providing the best value and experience to members. Together, the organization will remain committed to these same driving principles.
Unlike a traditional bank merger, this is not a buy out or acquisition. This merger represents a true collaborative partnership between two financially strong credit unions committed to their members. The Board of Directors and leadership of both Inspirus Credit Union and Gesa Credit Union recognize they can better serve the memberships of both credit unions together. As the financial services landscape continues to evolve, this merger will give the combined organization the ability to expand what it offers members such as access to more products and services, more locations throughout the state of Washington, reduced costs and enhanced technologies that will provide greater 24/7 convenience.
As the merger process continues, the credit union will keep members informed of progress including sharing important notices, dates and events. If you have any questions that haven’t been addressed in the member letter you received, or the frequently asked questions below, please email questions@inspirusCU.org or contact us by phone at 888.628.4010 and selecting option #6.
Virtual town hall meeting
During our third town-hall meeting that was held online, the leaders of Inspirus Credit Union and Gesa Credit Union came together to discuss the proposed merger of the two organizations, answer questions and explain the process and timeline. Use the links below to access the recording.
If you registered for the event, you can log in using the same email address. Simply type it in the box provided and click the enter button.
If you did not previously register, you may do so now on this page. You’ll provide your first name, last name, and email address. After you click submit, you will be given a link to the recorded session.
Here are all the great things that you’ll gain from these two great organizations merging:
- More products
- More services
- More branch locations to serve you
- More convenience
- Quick responses to your financial needs
- Continued commitment to our community
Frequently Asked Questions
The merger of these two strong credit unions will provide long-term growth and sustainability and will allow both to continue to be a strong, viable financial organization; and continue to provide more opportunities for members and employees.
The collaborative merger of Inspirus Credit Union and Gesa Credit Union will provide opportunities to implement best practices from both organizations to achieve more positive member impact and value such as:
- More products and services:
Including mortgages managed by the credit union and not an outside third party; small business accounts and loans; and investment management like retirement planning and full-service broker-dealer services.
- More branch locations:
We will go from just 6 branches to 23 branches, with plans to continue to expand the branch network in both Eastern and Western Washington.
- Same knowledgeable, friendly employees:
The staff at our branches and call center will continue to be available to serve you.
- More responsive to evolving financial needs:
This partnership will allow the credit union to better anticipate and meet the financial needs of its membership in a fast changing and rapidly evolving financial services industry.
Becoming a larger credit union with combined assets of $3.3 billion will provide opportunities to increase efficiencies and return those savings right back to members in greater value, new technology and services, competitive loan and deposit rates, and higher community giving.
Gesa Credit Union is based out of Richland, Washington. Founded in 1953, their mission is to help members prosper by providing access to a broad range of valuable and cost-effective financial products and services. Gesa currently has 17 locations and nearly 159,000 members with approximately 500 team members committed to helping improve their members’ lives and enrich the communities they serve.
Learn more here.
There will be no effect to your accounts or account numbers at this time. Eventually members from one credit union will need to convert to the other’s data operating system to enhance capabilities. This is under investigation and will likely not occur until sometime in 2020. As that time approaches, the credit union will work to ensure a seamless integration, so that members can conduct business as usual.
Inspirus and Gesa have many shared values including supporting education and making positive impacts on their communities. The Board of Directors and leadership teams of both organizations are dedicated to ensure this history and heritage continues forward in the combined organization.
No employees at Inspirus or Gesa will be terminated as a result of the merger. In fact, this merger will provide additional benefits and new opportunities for employees in the combined organization.
Yes. Member savings will continue to be Federally insured by the National Credit Union Administration.
The rates on fixed rate loans and certificate of deposits (CDs) will remain the same until the end of their existing terms. As always, any CD renewals or new loans will be subject to current rates which are determined by several factors including the interest rate environment at the time of a new loan or investment.
No. There are no plans for any branch closures. This merger will add 17 branches with plans for more already underway.
Yes. Both organizations are committed to providing high levels of service for members and this will continue to be a focus for the combined organization.
Don Miller will serve as the CEO of the merged organization. Scott Adkins, Inspirus’ CEO, will continue serving the combined organization as a senior executive. Don Miller has served as Gesa Credit Union’s CEO since 2013. He’s been with Gesa for 30+ years and has served in nearly all the different functional areas of the organization. He is a native of Ellensburg, WA and attended Central Washington University and received his MBA from Washington State University.
The name for the combined organization has not been determined. Inspirus and Gesa are proud of their individual brands but recognize it may not serve the purposes of a newly created, statewide credit union. It is for these reasons both organizations will conduct a comprehensive brand research study to determine the most appropriate and unifying name for the combined organization.
Our regulators, the National Credit Union Administration (NCUA) and Washington State’s Department of Financial Institutions (DFI), have both approved our merger plans. With member support of the merger through the voting process, our legal day as a combined organization would be August 2019. We would then begin to work on fully integrating the operations and systems of our credit unions with a target completion date of sometime in 2020.
All qualified members of Inspirus over the age of 18 as of May 20, 2019 are eligible to vote. In accordance to the credit union’s bylaws, a qualified member must meet the following requirements/criteria:
- Must be the primary member on the account.
- Member account must have a balance of $5.00 or more.
- Member account must have been opened for at least three months as of May 20,2019.
- All members (individual and business) qualified to vote may cast one ballot (one vote) regardless of the number of accounts or amount of their account balances. No proxy voting is permitted.
Ballots will be distributed or made available to all qualified members. Members will have the opportunity to vote using one of three voting methods: by mail, electronically or at the Special Meeting. You may not vote or drop off a ballot at a Credit Union branch.
The voting period will open on June 7, 2019 and will remain open until the night of the Special Meeting, which is Tuesday, July 23, 2019. While ballots may be delivered in person at the Special Meeting, mail and electronic ballots must be received by the independent party conducting the ballot counting on or before that date.
Whether you vote electronically or plan to mail in your paper ballot, you will need your member account number. You can find it located in the top right corner of your account statements. eStatement users can log in to Digital Banking and click “Statements/Documents” to view past account statements.
Qualified members may request a new ballot by contacting the Credit Union and a new ballot will be sent to you via U.S. Mail. Eligible members may view an electronic version of the ballot package and place their vote electronically by clicking the “Vote now” button near the top of this webpage.
A member is eligible to vote one time only, and therefore cannot re-cast their vote.
The results of the vote will be known the evening of July 23, 2019 at the Special Meeting. Members who do not attend the Special Meeting will be notified of the outcome as soon as possible via an announcement on the Inspirus website (www.inspirusCU.org) and social media channels. An official announcement will be sent to members as quickly as possible on or around July 24, 2019.
The receipt, custody and counting of all ballots will be conducted by an independent third party.
Most (but not all) of our current Inspirus Board Members have an education background and will be joining the new, merged Board. Because education is important to both organizations, the merged organization will continue to focus on promoting and advancing educational initiatives across the state. Following the merger, the Board of the Credit Union will continue to represent the interests and needs of the members of the merged organization, including members both inside and outside the educational field.
You can find it located in the top right corner of your account statements. eStatement users can log in to Digital Banking and click “Statements/Documents” to view past account statements.
Stay in-the-know of all merger-related information by updating your contact information. You can make the changes yourself by logging into Digital Banking then clicking on your name in the top right to get to Settings and updating your information under the Contact tab. Or, give us a call and one of our team members will be happy to assist you! If you are not receiving our emails, be sure to subscribe. For questions: