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News Now

CU System
Three branch closings announced in Calif. Nevada
CARSON CITY, Nev. and BIGGS, Calif. (5/20/09)--Two credit unions--one in Carson City, Nev., and the other in Biggs, Calif.--have announced branch closures. Greater Nevada CU, a $550 million asset credit union based in Carson City, announced it has shut down two of its older branches in Sparks and Carson City. The credit union said the branches closed because more members are using its new locations and electronic services (ktvn.com May 18). ATMs at the two branches will remain open. Members can get service at the eight full-service branches remaining open. In California, the Marysville branch of Butte FCU will close May 29. The credit union told Appeal-Democrat (May 18) the decision was difficult but that a reduction in expenses to ensure its operational efficiency was necessary with the economic times and financial stress in the region and nation. The $42 million asset credit union will keep open three other branches in Biggs, Chico and Oroville. The publication interviewed a member, David Rice, who said he liked the credit union because he was recognized as soon as he arrived at the branch.


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