Acting at the NCUA's behest, the $1.5 billion Western Federal Credit Union of Hawthorne, Calif. was the successful bidder last week to merge the failed $90 million Oakland Municipal Credit Union.
Western Federal Credit Union, having merged this week the failed $88 million Oakland Municipal CU, remains on the lookout for future municipal-based CUs in California "that fit our business model," its top management said.
The $349 million CBC Federal Credit Union of Oxnard, Calif. cleared major hurdles last week to merge the struggling $11
The $349 million CBC Federal Credit Union of Oxnard, Calif. announced this week it is merging the struggling $11 million Civic Arts Plaza CU of nearby Thousand Oaks and expects to effect the transaction by Dec. 1.
Credit unions are scrambling to get members to opt-in to overdraft or courtesy pay programs by the Aug. 15 deadline in order to retain noninterest income.
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