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.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Michael Ogden

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

More from this author

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.