ONTARIO, Calif. (2/7/13)--The California Credit Union League says it is in discussions with CU Roots Cooperative about transferring CURoots' ownership to the California League Services Corp.
CURoots offers shared compliance and specialty internal audit services, which will continue uninterrupted, said the league.
"This represents a great opportunity for CURoots users and potential users who will benefit from the streamlining of efforts and the cost savings," said Gary Perez, CURoots board chairman and CEO of USC CU in Los Angeles.
"The ownership of CURoots would expand from 18 organizations to 324 credit unions that own the California and Nevada Credit Union Leagues," said leagues President Diana Dykstra.
All member credit unions will be eligible for CURoots' preferred member pricing. A special meeting of CURoots' membership is set for Feb. 15 to vote on the sale and transfer of assets. A simple majority is required for approval.