SACRAMENTO, Calif. (11/10/11)--Two California credit union mergers are in the works, with one being approved and another filed last month, according to the California Department of Financial Institutions (DFI).
Pomona, Calif.-based Inland Empire CU's plan to merge into Credit Union of Southern California, Whittier, was approved June 16.
The $40 million asset Inland Empire has one branch and 14 employees. Credit Union of Southern California has eight branches and $584 million in assets. It has a multiple group charter, serving primarily educational groups.
North Orange County CU, Fullerton, Calif., filed its plans to merge into Credit Union of Southern California with the California DFI on Oct. 5. North Orange has one branch and $60 million in assets. It has a government charter.