Pasadena, Calif. Pasadena, Calif. Credit/Shutterstock

On Tuesday, the Pasadena, Calif.-based Wescom Credit Union ($6 billion in assets, 224,155 members) and the Seaside, Calif.-based Central Coast Federal Credit Union ($174 million in assets, 15,005 members) announced they have entered into a merger agreement that could go into effect by the second quarter of 2024.

If approved by members and regulators, the merger would expand Wescom’s footprint into new markets, as well as support its continued growth in California. According to Wescom officials, they have been “exploring potential merger opportunities” for the past few years as part of the credit union’s growth strategy.


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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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