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News Now

CU System
Santa Fe Springs City ECU merges with Financial Partners
SANTE FE SPRINGS and DOWNEY, Calif.(10/11/10)--Santa Fe Springs (Calif.) City Employees CU merged with Financial Partners CU in Downey, Calif., effective Sept. 30, according to the California Department of Financial Institutions (DFI). Financial Partners has nearly $709 million in assets, six branches and 52,000 members. Two other pairs of credit unions in California also have applied for mergers. The California DFI has approved one. The other still is in the filing stage. California DFI has approved a merger of Focus One Community CU in Monrovia, Calif., into First City CU, Los Angeles. UFCW #916 FCU, Redding, Calif., has applied to merge into Members 1st CU in Redding.


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