California Federation of Teachers CU, Matadors Community CU Merge
NORTHRIDGE, Calif. - Burbank-based California Federation of Teachers Credit Union has merged with Matadors Community Credit Union. MCCU currently has over $100 million in assets and serves 14,000 members. CFTCU had $2.6 million in assets and served some 2,312 members. The California Federation of Teachers is the California affiliate of the American Federation of Teachers and is composed of 135 local unions chartered by the AFT. The CFT represents over 120,000 educational employees working at every level of the education system in California, from Head Start to the University of California.