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CONCORD, Calif.–With a bidders conference reportedly slated this Wednesday in Phoenix, Bay area credit unions were lining up this week to submit offers to NCUA to acquire the $339 million asset Cal State 9 CU, placed under conservatorship last November.

It was uncertain how many of the area’s largest CUs would actually submit bids to the agency but representatives from CUs like The Golden 1 CU of Sacramento, Patelco CU of San Francisco, Redwood CU of Santa Rosa and Travis CU, of Vacaville, were thought to be likely suitors and would attend a Phoenix area meeting by one credit union official close to the situation. NCUA’s Region V is handling the conservatorship.

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