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News Now

CU System
California CUs apply for mergers
SACRAMENTO, Calif. (10/17/11)--Two California credits unions have applied with the state Department of Financial Institutions to merge into other credit unions. Family 1 CU, Placentia, a $24.5 million asset, community credit union with one branch, filed an application Sept. 15 to merge into Credit Union of Southern California, Brea, a $584 million asset multiple employee-group credit union with eight branches, serving primarily educational groups. Also, Santa Monica (Calif.) City Employees FCU, a $28.2 million asset, local government credit union with one branch, filed an application Sept. 7 to merge into Southland CU, Los Alamos, a $491.4 million asset, community credit union with three branches in three cities.


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