EL SEGUNDO, Calif. — Two more California credit unions have announced merger plans.
The $723 million Xerox Federal Credit Union and $60 million Tiger Federal Credit Union said on Oct. 22 they plan to combine the two financial institutions. TFCU operates branches in California and New York and serves 9,800 members from 68 select employer groups. XFCU operates branches in California, Connecticut, Florida, Illinois, New Jersey, New York and Texas and serves 69,000 members from more than 100 SEGs.
XFCU President/CEO Teresa Freeborn will remain in those roles while TFCU President/CEO Rosemary Helgeson will initially oversee the merger and then join the XFCU management team as a consultant, according to both credit unions.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
