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News Now

CU System
Kaiperm FCU Alliant CU in merger negotiations
OAKLAND, Calif. (6/18/08)--Kaiperm FCU, Oakland, Calif., is negotiating a merger with Alliant CU, Chicago. Kaiperm has posted a letter on its website with information about the merger. The two credit unions will work together to make the merger seamless for its members, Shirley L. Jones, chairman of Kaiperm’s board, said in the letter. Kaiperm decided to pursue the merger after research it conducted determined a merger was the best way to improve and enhance financial services for its members. During the first three months of this year, the credit union posted losses of $2.2 million (InsideBayArea.com June 17). Alliant has $5.5 billion in assets and 200,000 members nationwide. Kaiperm has $94 million in assets and 17,536 members.


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