The $41 million, 3,850-member Golden West Cities Federal CreditUnion in Garden Grove, Calif., has agreed to merge into the $711million, 59,000-member Credit Union of Southern California.
The credit unions said Tuesday that Golden West Cities membersvoted overwhelmingly in favor of the consolidation and that whenthe merger takes place on April 1, CU SoCal President/CEO DaveGunderson will remain in that role, while Golden West Cities CEOJacqueline Wadsworth will extend her retirement date by a year tostay on as an adviser.
The merger will give CU SoCal more than 60,000 members beingserved by 11 branches across Orange County, the San Gabriel Valleyand parts of San Bernardino County. All employees of both creditunions will be retained, the announcement said.
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.
