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
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
14 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
19 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
19 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
21 hours ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
21 hours ago