California credit union CEO questions NCUA's ability to examine fairly, calls for Congress to give credit unions an independent insurer.
The $12 million, 1,643-member Bay Media Federal Credit Union in San Francisco has merged into the $824 million, 42,146-member San Francisco Fire Credit Union.
San Francisco Fire CU takes in Bay Media FCU while Alliance CU absorbs Electric FCU.
Unless central location designated, all locations become central locations where legal papers can be served.
Four California credit unions await to become two in merger acquisitions.
Fifteen members of Technology Credit Union rallied Aug. 15 outside the credit union’s San Jose, Calif., headquarters to show their opposition to the credit union’s proposal to change to a mutual bank charter.
Two Silicon Valley credit unions, the $207 million National 1st CU of Sunnyvale and the $140 million San Jose CU, are planning a merger.
Gov. Jerry Brown expected to soon name a successor.
For the second year in a row, Illinois credit unions will enjoy a holiday boost to their bottom line.
Linda Jekel, credit union regulator for the state of Washington, said she does not foresee any supervisory issues arising from Bank Transfer Day.