Countdown to Merger Conversion Date
We’re excited to announce that on June 1, 2025, PFCU will be officially converged into the CCCU banking systems! Your existing PFCU account will seamlessly transition to a CCCU account, unlocking exciting new benefits like access to CCCU branches, CO-OP Shared Branching, and an upgraded Online and Mobile Banking experience, with Bill Pay and Zelle® integration for fast and easy payments!
MERGER CONVERSION HUB
PFCU + CCCU
Key Information
Merger Status
PFCU and CCCU Officially Merged on January 1, 2025
After PFCU members voted in the fall of 2024 to overwhelmingly approve the merger with CCCU, the companies merged on January 1. We kicked off the merger celebration by introducing two new products: Apex Checking, our high-yield checking account, and Mega Money Market. We are now preparing for System Conversion, which is set for June 1, 2025.
Get Prepared
Banking systems converge on June 1, 2025
As we make final preparations for our banking system converging with CCCU’s, some necessary disruptions to Bill Pay and Online/Mobile Banking will be taking place from May 22 – June 2.
View and download our Merger Guide PDF below, and Consult the timeline and action items below to better prepare yourself for this change.
Conversion Timeline
Your existing PFCU account will seamlessly transition to a CCCU account.
Action Items
Review and complete action items to ensure a smooth transition for the conversion.
Check Your Contact Information
When logging into Online or Mobile Banking you will be prompted to confirm your contact information. You can also call us, or complete the Account Change Form.
Account change formPlan Ahead for Closures and Disruptions
Consult the conversion timeline to ensure you are prepared for closures and disruptions taking place between May 22 – June 2.
conversion timelineDownload Statements in Online Banking by May 30.
Account history and eStatements prior to June 2, 2025, will not be available in the new Online Banking system.
Review Merger Guide
The downloadable Merger Guide PDF contains important information regarding the merger, including changes in terms and important dates.
merger guide pdfKey FAQs
On Sunday, June 1, 2025, PFCU will be officially converged into the CCCU banking systems. Your existing PFCU account will transition to a CCCU account. New benefits and features, like access to CCCU branches, Co-Op Shared Branching, and an upgraded Digital Banking platform will be available starting Monday, June 2.
Disruptions to Bill Pay, and Online/Mobile Banking, will take place between May 22 – June 2.
Be sure to have your Bill Pays scheduled prior to May 23, and download your prior statements and your May 2025 account history in Online Banking before May 30.
Consult the Merger Guide PDF for full details.
Our merger with CCCU will bring new financial products like Apex Checking and Mega Money Market, a new digital banking platform with Zelle® integration, and more access to in-person banking through Shared Branching and the existing CCCU and PFCU branches.
Leading up to our June 1, 2025 conversation date, it’s important to note some disruptions to our Bill Pay and Digital Banking services taking place between May 22 – June 2. We encourage you to read through our Merger Guide PDF for the full details, as well as consult the Conversion Timeline and Action Items, all found on our Merger Hub, to better prepare yourself for these changes.
No, your loan terms will not change and none of our loans will be sold. Members will continue to make payments to the credit union, as normal.
Yes, CCCU is federally insured by the National Credit Union Administration (NCUA) just like our credit union and you will continue to have the same share insurance up to $250,000.
Member Benefits
Exciting changes to look forward to, starting June 2, 2025.
Access to Thousands of Branches
Enhanced Products & Services
Elevated Digital Banking
Broader & Stronger Community Impact
Benefits FAQs
Our merger with CCCU will bring new financial products like Apex Checking and Mega Money Market, a new digital banking platform with Zelle® integration, and more access to in-person banking through Shared Branching and the existing CCCU and PFCU branches.
Leading up to our June 1, 2025 conversation date, it’s important to note some disruptions to our Bill Pay and Digital Banking services taking place between May 22 – June 2. We encourage you to read through our Merger Guide PDF for the full details, as well as consult the Conversion Timeline and Action Items, all found on our Merger Hub, to better prepare yourself for these changes.
Apex Checking is a high-yield checking on balances up to $20,000, with no minimum balance required.
Apex Checking allows you to maximize your money with a few account requirements:
- Set up Direct Deposit
- Sign up for eStatements
- Login to Online Banking at least once per month
- Make at least 10 debit card transactions per month
Visit our Apex Checking page for rates and more information:
Apex checking*APY (ANNUAL PERCENTAGE YIELD). To receive the higher dividend rate for Apex Checking, the account must be enrolled in eStatements, must have a payroll, social security, or pension direct deposit each month, at least one log-in to online banking each month and a minimum of 10 debit transactions each month (ATM transactions do not count toward the debit card requirements). The 10 debit transactions must be posted to the account prior to the last business day of each month regardless of when the transaction was conducted. Application is subject to approval. See credit union Rate and Fee Schedule for more details.
Mega Money Market is high-dividend Money Market Savings Account. Mega Money Market is free from fees, easy to access, and earns returns higher than a certificate or traditional savings account.
Visit our Mega Money Market page for rates and more information:
mega money market*APY (ANNUAL PERCENTAGE YIELD). The APY may change after account opening. Minimum amount to open a Money Market account is $2,500. Minimum amount to open a Mega Money Market account is $100,000. Account qualifications apply. See credit union Rate and Fee Schedule for more details.
Shared Branching gives you access to a nationwide network of other participating credit unions. As a member you will be able to access your money and complete a variety of transactions at these locations.
Enter your ZIP Code into the Co-Op Locator to see participating credit union locations near you. There are over 5,000 Shared Branch locations nationwide and over 20 participating locations in the Portland, OR area.
Deposits
Information on changes to your deposit accounts and how to navigate them, starting June 2, 2025.
Debit & ATM Card
Beginning June 2, 2025, all current PFCU branded debit cards will become inactive. If you have a checking account, you will receive a new debit card to replace the old one.
Your new debit card will begin working on Monday, June 2 at 7 a.m.
- If you have only a savings account, you will receive an ATM card instead of a debit card.
- If you have multiple checking accounts, we will be reaching out to you soon to explore the best options for you.
The ATM withdrawal limit on your new debit card is the same. However, the point of sale (POS) limit on your new card is decreasing from $7,500.00 to $5,000.00 a day. You may use your ATM or debit card, free of charge, at terminals participating in The Star System, Plus System, Co-Op, CIRRUS Network, and all CCCU and PFCU terminals.
CCCU Debit Card Controls App
The CCCU Debit Card Controls app helps you manage your debit card when you need it. You can manage
your transactions, set limits and alerts, and lock and unlock your card if lost or stolen.
CCCU Debit Card App
To download the app, search “CCCU Debit Card Controls” in your phone’s app store, or follow your app store button below:
Overdraft Changes
Courtesy Pay is being discontinued as of June 1, 2025.
If you have accounts or personal loans linked as an overdraft transfer source, those accounts will remain linked. If we need to transfer funds from a linked account to cover an item, we will transfer in $25.00 increments from deposit accounts and $100.00 from loans.
NEW Payments and Deposits on or after June 2, 2025
Beginning June 2, 2025, all new (not currently set up) electronic ACH deposits, payments, and wire transfers must use the new CCCU Routing Number and Account Number.
To set up NEW electronic payments or deposits on or after June 2, you will need two numbers:
- The new CCCU Routing Number: 323075136
- The ACH Account Number: This unique number for your Savings or Checking Account can be found in the new Online Banking or in the CCCU Mobile Banking App.
Account Numbers
For most of our members, there will be no change to their account number.
If you happen to be in the small group of members who will experience a change, there will be a separate communication notifying you of the change.
How to find your account number beginning June 2, 2025:
DESKTOP:
- In the dashboard, select an Account
- Click ‘Account Details’ at the top-right of the screen
- Scroll down to ‘ACH Account Number’
MOBILE:
- Select an Account
- Click ‘Show Details’ at the top of the screen
- Scroll down to ‘ACH Account Number’
If you’re looking for your current account number, prior to the conversion, CLICK HERE
Existing Transfers
Internal and External automated, recurring transfers set up directly with the Credit Union will continue to process normally.
For example, if you have an automated transfer set up to pay a loan payment, that payment will continue to process as normal.
You may have automated transfers set up within your Online Banking profiles. Internal transfers will continue to process, but External and Member-to-Member transfers will not process after May 31, 2025, and you will need to set these up again in the new Online Banking on or after June 2, 2025. This does not include recurring bill payments.
Certificate of Deposits
The early withdrawal penalty on Share Certificates is changing on Certificate of Deposits (CDs) with terms greater than 12 months.
Currently the early withdrawal penalty is 90 days interest. Beginning June 2, 2025, the early withdrawal penalty on CDs with terms greater than 12 months will be 180 days interest.
Deposit FAQs
NOTE: Beginning June 2, 2025, the process for finding your account number will be slightly different, but for most of our members there will be no changes to your account number.
There are 3 ways you can find your account number:
1. Online Banking or Mobile Banking
- Log Into Online Banking or the Mobile Banking App.
- Select “More Services” from the main menu dashboard.
- Then select “Routing & Account Numbers.”
- To reveal your full account number, you may need to click the toggle above the account name.
2. Bank statements (paper or electronic)
Your account number is listed as “Member Number” on the upper right of your monthly paper or eStatements.
3. Checkbook
The middle section of the bottom row of numbers contains your account number. View the check image below for an example.
Rest assured, any automatic deposits and withdrawals using your account number will continue to process as usual, with no additional action needed from you.
Yes, If you have a checking account, you will receive a new debit card to replace the old one, which will become inactive on June 2, 2025.
Your new debit card will begin working on Monday, June 2 at 7 a.m. Be sure to download the CCCU Debit Card Controls App to manage your debit card more easily.
To download the app, search “CCCU Debit Card Controls” in your phone’s app store, or follow your app store button below:
Locations
Take full advantage of all CCCU and PFCU branches, starting June 2, 2025.
New Branch Access
After the merger, you will have access to our new Portland and Hood River branch locations.
As for PFCU’s existing branches — our St. Vincent Branch, our PPMC Service Center, and our San Diego branch will still be available. Our Milwaukie Admin location will be officially closing on May 30, 2025.
Shared Branching
Shared Branching is a nationwide network of credit unions that allows members to access their account at other credit unions in the network.
Now that PFCU is a division of CCCU, you will now have access to over 5,000 Co-Op Shared Branches and 30,000+ surcharge-free ATMs worldwide! That’s more direct access to your money than most traditional bank customers have.
Use the Co-Op locator to find Shared Branches and surcharge-free ATMs near you. This includes select locations where you shop, like 7-Eleven, Circle K, Costco, Publix, Dunkin Donuts, and many regional convenience store locations.
Location FAQs
The PFCU branch at Providence St. Vincent Medical Center, the ITM at the Providence Portland Medical Center and the branch in San Diego in UDW will remain open.
Our doors at the PFCU Administrative Office in Milwaukie, OR will officially close at the end of day Friday, May 30, 2025. Our headquarters will move to the CCCU headquarters in NE Portland on Monday, June 2, 2025.
Shared Branching gives you access to a nationwide network of other participating credit unions. As a member you will be able to access your money and complete a variety of transactions at these locations.
Enter your ZIP Code into the Co-Op Locator to see participating credit union locations near you. There are over 5,000 Shared Branch locations nationwide and over 20 participating locations in the Portland, OR area.
Yes! Beginning on June 2, 2025 our members will be able to bank at CCCU branches, like the Slabtown location, Sandy Blvd. location, and Hood River location.
Check out our Updated Locations Map for a full look at available branch locations, beginning on Monday, June 2, 2025.
Announcement
Message from our New CEO
“Our members are our top priority, and every decision we make is carefully considered with your best interests in mind. Joining forces with PFCU ensures we continue on the path to building for a financially secure future. Thank you for your continued support and membership,”
– Larry Ellifritz, President/CEO
Hear from PFCU’s Former CEO:
Announcement FAQs
On Sunday, June 1, 2025, PFCU will be officially converged into the CCCU banking systems. Your existing PFCU account will transition to a CCCU account. New benefits and features, like access to CCCU branches, Co-Op Shared Branching, and an upgraded Digital Banking platform will be available starting Monday, June 2.
Due to the ever-changing landscape of the financial services market, the Board of Directors and management of both credit unions thought this was the best path to continue meeting the financial needs of our members. Together, our organizations will continue to grow and evolve, helping us market to our community, implement new technologies and provide operational and administrative guidance. This support will ultimately translate into a deeper product and service mix for our membership.
This merger also marks the start of a new chapter for Shirley Cate, PFCU President and CEO, as she will be retiring upon completion of the merger. Congratulations, Shirley!
Larry Ellifritz, President and CEO of CCCU, will become the President and CEO of the combined organization.
This is a very positive event for both our credit unions, and our Board and management teams are excited to watch the evolution of the new combined organization.
They are a full-service credit union that was originally chartered in 1954 to serve the employees of Consolidated Freightways. Today, anyone who lives, works, worships, owns a business, or goes to school in either Multnomah, Washington, Clackamas, Columbia, Hood River, Yamhill, Clark, or Skamania counties is eligible to join CCCU. Potential members across the country can also join through our association membership program. We encourage you to visit their website at www.consolidatedccu.com to learn more about the credit union and the products and services they offer.
CCCU was originally formed by the employees of Consolidated Freightways in 1954. Now they serve over 20,000 members and have over $490 million in assets, serving members in all 50 states.
CCCU’s alignment with our credit union’s culture is a testament to our shared commitment to member service. Their dedication is reflected in the extensive range of top-notch products and services they offer. What’s more, our collaboration has expanded member access to a vast network of physical branches nationwide, ensuring convenience in financial transactions through CO-OP Shared Branching (Click Here to find a Shared Branch Location near you). Our 12-year partnership with CCCU has been incredibly fruitful, particularly in supporting our employees and members with their residential and commercial real estate financing needs. This synergy has not only strengthened our operations but also reinforced our mission to serve our community with excellence.
Yes, CCCU was ranked in the Top 100 for top-performing credit unions in the United States by S&P Global Market Intelligence. They rank at number 47 overall and number 2 in Oregon for financial stability.
If you have an account open at each credit union, your PFCU account will move over to CCCU resulting in two separate accounts, which is anticipated to be in June 2025.
The merger of a credit union is a significant event that often brings about a wave of change, but one of the most positive outcomes is the retention of all employees. This decision reflects a commitment to staff continuity and stability, which can be incredibly reassuring for the workforce. It means that the employees can look forward to being part of the new, larger entity, bringing their valuable experience and knowledge to the table.
Yes, your input is incredibly valuable during the merger process between credit unions. It’s a time of significant change and your voice matters. Both credit unions will be hosting a special membership meeting to answer any questions our members might have regarding the merger. During this process, each eligible PFCU member will have the opportunity to cast their vote to determine the outcome of the merger.
About a year. The goal is to have all PFCU members migrated to CCCU’s systems by mid-2025.
To stay informed about the merger, please visit our dedicated Hub at providencecu.org/merger for the latest updates. This resource is designed to provide you with all the necessary information, including timelines, changes to services, and any actions you may need to take. It’s a one-stop-shop for all merger-related news, ensuring you’re always in the know as we move forward with this exciting transition.
Communications
Over the next few months, we’ll continue to share up-to-date information via email, our website, and social media channels.
CCCU Merger Information to date.
| Date | Update |
|---|---|
| 08.07.24 | Mailed Letter Announcing Merger |
| 08.08.24 | Email Announcing Merger |
| 08.08.24 | Press Release |
| 09.13.24 | Merger approved by NCUA |
| 10.15.24 | Vote Now Email |
| 10.15.24 | Vote Now Mailed Packet |
| 12.17.2024 | Merger Approved Press Release |
| 4.14.2025 | Email: Important Information Regarding Your PFCU Accounts – Change in Terms |