SACRAMENTO, Calif. - Any suspicions there was a letup in sight for the exodus of federal credit unions in California to a state-charter were dashed last week. The state Department of Financial Institutions has accepted six more applications from federal credit unions to convert to state charters. The six credit unions are: Long Beach Schools FCU, Long Beach, $500 million; Matadors FCU, Northridge, $65 million; North Island FCU, Glendale, $835 million; Rockwell FCU, Downey, $480 million; USC FCU, Los Angeles, $79 million; and Ventura County FCU, Ventura, $141 million. That brings to 13 the number of federal credit unions in the state that have applied for a state charter so far this year (Providence First FCU's application was approved.)
Six more California FCUs file to convert to state charter
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