A major financial shift is underway in Southern California as California Coast Credit Union (Cal Coast) and San Diego County Credit Union (SDCCU) announce plans to merge, pending regulatory approval and a Cal Coast member vote.
If finalized, the combined credit union will have nearly $13.5 billion in assets, 65 branches, and over 1,400 employees serving counties including Imperial, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara, and Ventura.
“This merger creates a partnership between two large service-oriented and financially strong credit unions,” said SDCCU CEO Teresa Campbell.…