RIVERSIDE, Calif. — Two credit unions that received previously owned coin counters from another CU have uncovered some bugs.

The machines came from the $985 million Altura Credit Union, headquartered in Riverside, which decided to make their older coin machines available to the smaller CUs as part of the Shapiro Group program run by California and Nevada Credit Union League when the CU decided to upgrade to newer models. The Sharpiro Group program pools the resources of the credit union community to help smaller credit unions operate efficiently and effectively.

One of the recipient CUs, Ketema Federal Credit Union in El Cajon, Calif., is a $2 million, sole-sponsor credit union serving the employees of the Ketema Aerospace Co.. The second, El Futuro is an $8 million CU headquartered in Porterville, Calif., that was founded in 1966 to serve primarily Hispanic farm workers.

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.
NOT FOR REPRINT

© 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.