An executive with the $4.3 billion Alaska USA Federal Credit Union said the CU had long planned on returning to shared branching in the California branches it acquired from Arrowhead FCU.
The planned October merger by Navy Federal Credit Union of the ailing USA Fed CU last week generated both catch-your-breath predictions on the nation's future CU landscape plus stand- your-ground pledges by one West Coast competitor.
One of Navy Federal Credit Union's biggest West Coast competitors, the $4 billion Alaska USA FCU, said Monday it has never been much interested in making a merger bid on the troubled $604 million USA Fed CU of San Diego.
Thanks to a good relationship with its sponsor group and a stroke of luck, the $330 million Vons Employees FCU opened a full service,
The serious problems at Arrowhead Credit Union may have been on regulators' radar for months, but the NCUA's June 25 takeover of the $876 million California CU surprised some in the CU community, including the
The $330 million Vons Employees FCU opened a full service, in-store grocery branch in Hesperia, Calif. today, moving into a Wells Fargo facility that had closed just 30 days ago.
The sudden NCUA takeover of the $876 million Arrowhead Central Credit Union on Friday was as much a surprise to the $4 billion Alaska USA FCU, now owner or co-owner of four former branches of Arrowhead, as it was to others, Alaska USA management reported.