SACRAMENTO, Calif. - Four more large federal credit unions in California have applied to the state Department of Financial Institutions to convert to a state charter, as of the week of April 24. The four credit unions are: American First FCU, La Habra, $375 million (filed April 20); Rockwell FCU, Downey, $500 million (filed April 4); Water & Power FCU, Los Angeles, $325 million (filed April 5); and Whittier Area FCU, Whittier, $165 million (filed March 31). That brings to eight the number of federal credit unions in the state that have applied for charter conversion so far this year. By this time last year, there were six.
No let up in California federal-to-state charter conversions
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