Two large California credit unions – North Island Financial and California Credit Union –announced their intention to merge Tuesday.
Headquartered in San Diego, North Island has assets of $1.24 billion. California Credit Union is headquartered in Glendale, Calif., and has assets of $1.53 billion.
“North Island is a natural fit as a merger partner with shared values and an absolute commitment to providing the best possible member experience in service, pricing and convenience,” California CU Board Chairman Walton Greene said.
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