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CU System
California CUs involved in three mergers
SACRAMENTO, Calif. (1/20/10)--The California Department of Financial Institutions (DFI) has approved three mergers of credit unions, including one that News Now reported last month. According to the DFI's Monthly Bulletin the mergers, which were voluntary, included:
* Printing & Publishing Employees CU, Riverside, merged with and into Printing Industries CU, a $27 million asset credit union Los Angeles, effective Nov. 30. * Vernon/Commerce CU, Commerce, merged into $82 million asset Pasadena Service FCU, effective Nov. 30. * The third merger, effective Dec. 3, was El Futuro CU, Porterville, merging into $350 million asset Self-Help FCU, Durham, N.C.


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