GARDEN GROVE, Calif. — In celebration of last year's successful three-way merger between surviving $31 million California Agribusiness Credit Union and California's First Federal Credit Union and Knudsen Federal Credit Union, President/CEO Adam Denbo presented each non-management staff member with a $300 check.
Conveniently, federal regulators picked Denbo's payout date to take over IndyMac Bank, which is also headquartered in the greater Los Angeles area. So, while distributing checks, the CEO spoke with each employee about the strength and soundness of not only CalAgCU, but also the credit union industry as a whole.
"This proved valuable because staff were more knowledgeable and ready to answer members' questions regarding the safety of their money," Denbo said.
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