Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Bay FCU closes Salinas branch reorganizes
CAPITOLA, Calif. (1/28/09)--Bay FCU is closing its Salinas, Calif., branch and scaling back its plans for growth because of current economic conditions. The branch had opened two and a half years ago. Six of the eight employees at the branch have found employment at other branches. Two others could be offered other positions later, the Capitola-based credit union told KSBW.com (Jan. 27). Bay Federal said it has laid off about 30 employees or 13% of its staff--leaving the credit union with 189 employees--because of the spiraling economy (The Mercury News and Californian.com Jan. 27). The $654 million asset credit union had grown steadily until the recession. President Carrie Birkhofer told the Mercury News that the credit union provided staff with "exceptional packages."


RSS





print
News Now LiveWire
CCUA hosts @TheNASCUS college for #creditunion directors http://t.co/CftpSXDKWx
10 minutes ago
#NewsNow CUs as public funds depositories high on Fla. legislative agenda http://t.co/pt5UF4Zutk
36 minutes ago
#NationalConsumerProtectionWeek begins Monday. http://t.co/BFLiUN7Twc
1 hour ago
.@Bankrate highlights #creditunion affordability vs. banks: 'No surprise,' says @Nussle http://t.co/ocu2fImmsS
2 hours ago
Credit card issuers could see a reduced burden for 1 year under a @CFPB proposal issued this week. News Now: http://t.co/CYVXLUmVBq
17 hours ago