Two of the largest mergers occur in California and Minnesota.
Consolidations will result in combined assets ranging from $241 million to $1 billion.
The $40 million Golden West Cities Federal Credit Union Credit Union in Garden Grove, Calif., has merged with the $710 million Credit Union of Southern California in Brea, according to a CU SoCal statement.
Golden West Cities FCU merges into Credit Union of Southern California.
Financial advisers share which mobile apps they use on the job and how the tools help them achieve educational and financial goals.
The $17B PenFed names a new CEO and other career milestones announced this week.
Merger scheduled to take place on April 1. No Golden West Cities employees will be pink slipped.
The $16.8 million Firestone Financial Services CU in Anaheim, Calif., has merged with the $723 million Credit Union of Southern California in Brea, Calif.
The Financial Accounting Standards Board is getting an earful from credit unions and trade associations. Even NCUA Chairman Debbie Matz, like others, is concerned about the accounting board’s exposure draft that would require financial institutions to base loan-loss allocations on expected losses, rather than incurred losses. In addition to requiring...
Deadline is Friday and 62 of 153 comment letters posted so far are from credit unions concerned about proposed ALLL changes.