The campaign to save the deeply troubled Mission SF FCU of San Francisco entered a critical stage this week with at least one Bay Area CU, the $73 million Self-Help of Oakland, identified as a prospective merger partner.
At the same time, other California CUs were fretting about the negative image given to the unusual fundraising campaign started in December to raise more than $200,000 in capital funds to prevent the $6.7 Mission from failing or being merged by the NCUA.
"It's fair to say that we strongly disagree with how this campaign is being conducted since it is bringing undue attention on all of us," said Steven Stapp, president/CEO of the $777 million San Francisco FCU, which for a time was singled out also as a potential partner of Mission.
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