The $1.9 million, 383-member Tehachapi Federal Credit Union in Tehachapi, Calif., has merged with the $1.2 billion, 162,900-member Kern Schools Federal Credit Union in Bakersfield, Calif.
Like many small credit unions, Tehachapi FCU has been struggling financially over the last few years. From 2008 to 2012, the credit union has posted a total net income loss of $348,481, according to NCUA financial performance reports.
Kern Schools FCU said in a statement Monday it plans to hold a reception and various workshops in the coming months to welcome Tehachapi FCU members.
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