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Rivermark + Advantis

Together for good.


Rivermark & Advantis Proud to Announce Merger Agreement

We have some exciting news to share with our members and community. Following a thorough due diligence process that met the satisfaction of both credit unions, Rivermark and Advantis Credit Union are proud to share that we have signed a merger agreement and plan to unite as one credit union in the latter part of 2024.

Together, we can do more good – for our members and our community. And because of this, the merger has the unanimous support of the board of directors of both institutions (comprised of Advantis and Rivermark members), as well as their respective CEOs and leadership teams.

Next, both credit unions are jointly applying for and expect to receive state and federal regulatory approval. Following this step, legal merger of both credit unions is likely to occur in Q3 or Q4 of this year.

We know you’ll likely have questions after hearing this news and welcome you to review the FAQs below. We’ll also continue to share progress updates as we move forward. You may also read the announcement from Rivermark’s CEO to our members.

 

Hear From the CEOs

Benefits for Our Members

Rivermark and Advantis are pursing a merger because of the impact we can create, together. This union will give us the scale and financial resources to:

  • Deliver more benefits to our members, faster – including more locations, advanced technology offerings, and enhanced products and services.

  • Break out in a crowded market to do more good. There are 65 total credit unions and banks in the Portland metro area. A combined credit union, at 180,000 members strong and $3.4 billion in assets, will give us the scale to give back to our members and our community in even more impactful ways.

  • Become the leader in fostering financial wellness for our members and the broader community in Oregon and SW Washington, including historically marginalized and underserved communities.

2x the branches + extended teller hours. 

You’ll have access to 19 branches in Oregon and SW Washington with extended teller services hours (M-F, 8am-8pm; Sat, 10am-6pm). That’s twice the locations to get financial coaching and guidance to help you reach your goals. No branches will be closed.

Financial coaches at your service – in-branch or via video. 

Financial wellness is important at both credit unions, and this creates a multiplying effect! With over 75 nationally certified financial coaches across both organizations, including over 20 bilingual coaches, we’ll meet our members where they are on their financial journey.

More impact for your community. 

Advantis and Rivermark have established a combined purpose: to transform lives and communities, together. That may sound like a tall order, but we’re up to the task, through financial coaching & wellness programs, philanthropic giving, volunteerism, non-profit partnerships, and much more.

Improved digital banking. 

We’ll have the resources to invest in more technology, providing you with innovative digital tools at your fingertips, now and into the future.

Enhanced products and services. 

We expect to be able to return more value to you in the form of better products and services, market-leading rates, lower fees, and more free services.

Same knowledgeable, caring employees. 

We’re not going anywhere. You’ll see the same friendly faces, just in more places!

Hear From Our Staff

Frequently Asked Questions