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News Now

CU System
North Island CU to close three branches
SAN DIEGO (4/22/09)--North Island CU, San Diego, plans to close three branches next month as part of a plan to reduce expenses by 26%. The branches scheduled to close are Vista, Carlsbad, and Clairemont Square. Clairemont will be combined with the Kearny Mesa branch, which is about four miles away. The lease for the Clairemont branch’s space was set to expire next month, Kelli Beck, North Island vice president of marketing, told News Now. Clairemont will close May 15, Carlsbad will close May 22 and Vista will close May 29. Staff who work at the three locations will be laid off. Members who use those branches can bank online or visit the Mira Mesa or Scripps-Poway branches, Beck said. North Island experienced positive net income January and February, and plans to have positive income again in April. The credit union also adds about 750 to 800 members per month, Beck said. North Island has $1.5 billion in assets and 98,000 members.


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