LONGVIEW, Wash. — Fibre Federal Credit Union, based in Longview, Wash., was selected by The National Credit Union Administration (NCUA) to purchase the assets of TLC Federal Credit Union. The purchase and assumption was completed on April 30.

“This is a win-win situation for both Fibre Federal and TLC,” stated Fibre Federal’s CEO, Larry Hoff. “We are deeply committed to blending the two organizations, maintaining both employee and member confidence, while strengthening our combined long-term financial stability and viability. We trust that the acquisition will positively impact the lives of the employees, existing members, and potential members. Both credit unions are extremely committed to serving our communities and this opportunity will only strengthen that focus. Because together we’re better.”

Fibre Federal is the lower Columbia and North Coast egion’s largest federal credit union with over $800 million in assets and more than 71,000 members. Fibre Federal serves anyone who lives or works in five counties which include: Cowlitz, Wahkiakum and Pacific in Washington, and Columbia and Clatsop in Oregon.

“From a financial and management perspective, Fibre Federal is extremely well-positioned to combine with TLC, according to a press release. “Coupled with our continuing membership growth, we clearly have the financial capacity and strength required to effectively market and serve each of the counties,” Hoff said.

Over the next year, TLC will operate and be identified as a division of Fibre Federal Credit Union. “Our ultimate goal for blending the institutions is an emerging credit union that is stronger than ever. The members will receive genuine benefits by gaining more products, services and additional branch locations. The employees will enjoy greater opportunities and increased benefits,” added Hoff.