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CU System
Point Loma CU to close San Marcos branch
SAN DIEGO (10/3/11)--San Diego-based Point Loma CU plans to close a branch located in San Marcos, Calif., next month, because of the sluggish economy. The $451.2 million asset credit union told members the branch is scheduled to close Nov. 2 (North County Times.com Sept. 30). Theodore H. Dennis, CEO of the credit union, told the newspaper the deep recession and slow recovery of the economy have forced the "difficult decision," according to the paper. Members were told earlier this month that the ongoing sluggish economic climate continued to be a challenge for most people, including the credit union.


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