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CU System
CU System briefs (04/22/2008)
* SAN DIMAS, Calif. (4/23/08)--Jim Hayes, who led the business development and marketing teams, has been appointed as WesCorp’s new chief financial officer and senior vice president. Tony Kitt, who has led the payment systems team, has been promoted to executive vice president to lead member services, announced WesCorp CEO Bob Siravo yesterday. Hayes joined WesCorp in 2003 after working for the National Credit Union Administration and the Office of Thrift Supervision. Kitt served as an U.S. Air Force officer and comptroller for the North American Aerospace Defense Command before joining WesCorp. He is the board chairman of Procura LLC and is vice chair of Pacific Processing Partners. WesCorp is the largest corporate credit union in the U.S. with $30 billion in assets and more than 1,000 member credit unions ... * RANCHO CUCAMONGA (4/23/08)--The Richard Myles Johnson (RMJ) Foundation recently gave a $20,000 community service grant to Community Trust CU, Modesto, Calif., to support sponsorship of a financial literacy program for low-income youth in the East Palo Alto area. Community Trust has opened a branch, known as Community Trust CU of East Palo Alto, in the underserved Bay Area city. The new branch opened in December after joining forces with the Northern California Urban Development Corp. and several area credit unions, including Stanford FCU and Addison Avenue FCU, both based in Palo Alto, and San Francisco-based Patelco FCU … * MORENO VALLEY, Calif. (4/23/08)--Visterra CU, a $466.2 million asset credit union in Moreno Valley, and $526.2 million asset Whittier, Calif.-based Credit Union of Southern California have announced their intent to merge (The Press-Enterprise April 19). The merger is pending approval from regulators and members of Credit Union of Southern California. The combined credit union will take the Visterra name and remain headquartered in Moreno Valley. It will have more than $1 billion in assets, 86,000 members, 11 branches and 260 employees. The merger is expected to be completed by early August. Credit Union of Southern California President/CEO Dave Gunderson will be CEO of the combined firm, and Visterra President/CEO Robert Cameron will serve as president …


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