Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
CUs join to start East Palo Altos first CU
EAST PALO ALTO, Calif. (12/28/07)--Four California credit unions formed a partnership to open the first credit union in East Palo Alto Dec. 19. The new Community Trust CU, officially a branch of Modesto-based Community Trust CU, will hold a grand opening in January (Silicon Valley/San Jose Business Journal Dec. 19). The new credit union is the result of a partnership among the $48.5 million asset Community Trust CU; the $2.009 billion asset, Palo Alto-based Addison Avenue FCU; the $826 million asset, Palo Alto-based Stanford FCU; and the $4.278 billion asset, San Francisco-based Patelco CU. Addison Avenue helped underwrite the early development of the new credit union branch by purchasing a three-year interest-free $100,000 certificate of deposit and by contributing startup capital. Community Trust, due to its work with traditionally underserved communities in the area, offered its name and experience as a community development financial institution to the new credit union.


RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
1 day ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
1 day ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
1 day ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
1 day ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
1 day ago