More than a year after co-parent Telesis Community Credit Union's financial woes pushed it into conservatorship, auto buying CUSO Autoland Inc. said it is looking forward to a fresh start.
Last Wednesday, the NCUA said Autoland in Chatsworth, Calif., had been purchased by the $2.4 billion Mission Federal Credit Union in San Diego.
"I believe the acquisition of Autoland by Mission Fed is an excellent opportunity for our organization, and I couldn't be more pleased," said Jeff Martin, president of Autoland. "This allows us to stay in the credit union family as a CUSO, with a strong strategic credit union as the majority owner of Autoland."
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