![]() ![]() We both understand and value the security needs of our many members who work for the federal government while also understanding the importance of providing convenient and exceptional service. “The partnership was a natural one as our institutions share a commonality of membership and geographic footprint. “Introducing CFCU as a merger partner will create new opportunities for growth and will help us to continue to offer the very best in financial services, including advanced technologies and superior member service,” said Bentley. Northwest Federal President and CEO Jeff Bentley stated that the partnership will not only introduce valuable benefits to the CFCU membership, it will also help Northwest Federal continue on its path to growth and success. We’re excited about the promise of greater operating efficiency, more convenience with additional branches, and being able to offer advanced information security to our existing membership.” “Merging with this strong and stable credit union will introduce expanded services, benefits, and new economies of scale. All CFCU employees will become a part of Northwest Federal’s team and its 8,000 members will join Northwest Federal’s current membership base of 270,000.ĬFCU CEO Bobby Josephson said the merger with Northwest Federal will help ensure a healthy financial future for current CFCU members. Northwest Federal’s President and CEO Jeff Bentley will continue as CEO of the combined organization, and CFCU CEO Bobby Josephson will serve as a senior consultant. ![]() The combined credit union will operate under the Northwest Federal brand, headquartered in Herndon, Virginia. The merger agreement was previously approved by the National Credit Union Administration (NCUA) in February. HERNDON, VA (April 1, 2019) - Northwest Federal Credit Union announced today that Constellation Federal Credit Union (CFCU) members voted to merge the two credit unions effective July 1, 2019. The “Judgement and Sentence (Felony)” document, Case No.Northwest Federal Credit Union announces merger partner Constellation Federal Credit Union.§ 1829(b), whoever knowingly violates paragraph 1 or 2 above is subject to a fine of not more than $1 million for each day such prohibition is violated, or imprisonment for not more than five (5) years, or both § 1829(a)(1)(B), no insured depository institution may permit Bagley to engage in any conduct or continue in any relationship prohibited in paragraph 1 above § 1786(r) otherwise participating, directly or indirectly, in the conduct of the affairs of any insured depository institution and owning or controlling, directly or indirectly, any insured depository institution § 1829(a)(1)(A), Bagley is prohibited from becoming an “institution affiliated party” of any insured depository institution, as defined in 12 U.S.C. NOW, THEREFORE, YOU ARE HEREBY NOTIFIED THAT: WHEREAS a violation of RCW 9A.56.030 is a criminal offense involving dishonesty and breach of trust ![]() WHEREAS on or about August 2, 2019, Ashley Bagley (“Bagley”) was sentenced on the charge of Theft in the First Degree, RCW 9A.56.030 in the Superior Court of Washington for Pacific County, in connection with her employment at Great Northwest Federal Credit Union ![]()
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