Two Silicon Valley credit unions, the $207 million National 1st CU of Sunnyvale and the $140 million San Jose CU, are planning a merger, California regulators said.
Papers for the planned combination were filed a month ago in Sacramento, state regulators reported Wednesday.
According to NCUA Call Reports, San Jose CU lost $195,000 in 2011 and $79,000 in the first quarter of 2012.
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.