HARBOR — The National Credit Union Administration has chosen Rogue Federal Credit Union to purchase and assume Chetco Federal Credit Union's Oregon memberships and its branches in Bandon, Brookings, Harbor, Gold Beach and Port Orford. Coast Central Credit Union will purchase and assume the Crescent City branch and California memberships.
Rogue Federal said it had offered positions to all Oregon Chetco employees. The purchase enlarged Rogue Federal to more than 70,000 members and nearly $800 million in assets.
The NCUA placed Chetco into conservatorship in 2011. Chetco, which had 32,000 members and assets of $333 million last year, was one of only two Oregon credit unions that the NCUA has placed into conservatorship since 2009.