Tehachapi Federal Credit Union and Kern Schools Federal Credit Union last week announced that they will merge.
California credit union one of seven hit with actions over alleged re-sequencing of debit card transactions.
A San Jose, Calif.-based attorney has filed seven class action lawsuits against credit unions, alleging overdraft shenanigans.
The court documents contain the same language used in lawsuits against big banks, allege ordering debit transactions to maximize overdraft fees.
Kern Schools FCU announced has chosen Alloya Corporate FCU to be its new corporate.
California credit union had been with Western Bridge.
After a net loss of $12.8 million in 2010, the $1.2 billion Kern Schools Federal Credit Union in Bakersfield, Calif., declared 2011 its best year for financial performance since 2007. The CU announced a net income of $22.4 million for 2011 and a net worth ratio that jumped from 4.31%...
California CU said its net income was $22.4 million for 2011, an improvement of more than $35 million from 2010.
A system upgrade at the $1.5 billion Kern Schools Federal Credit Union caused frustration for members who said they could neither access their accounts nor reach anyone for help.