Anaheim Hills, CA-based Credit Union of Southern California (CU SoCal) and Laguna Niguel, CA-based FedONE Federal Credit Union will successfully complete their merger on June 1, 2019.
The newly combined organization will retain the CU SoCal name. It will have more than $1.5 billion in assets, 20 branch locations, and serve more than 118,000 members throughout Los Angeles, Orange, Riverside, and San Bernardino counties. CU SoCal President and CEO Dave Gunderson will continue in the same role of the combined organization.
The Laguna Niguel and Los Angeles branches of FedONE FCU—which serves federal employees and their immediate family members who work in California, Nevada, Arizona, Hawaii, Guam, and the Mariana Islands—will remain open and retain the same associates. Both branches will now be open five days a week from 8:30 a.m. to 4:30 p.m.
“FedONE FCU and CU SoCal both share long histories of making a positive difference in the lives of their members and employees, and both are well capitalized,” said FedONE FCU Board Chairman Charles Ragland. “This partnership will provide our members with additional products, conveniences, and value.”
“FedONE FCU has provided its members with the best financial services possible throughout the years, and we share in that same mission. We look forward to the opportunity to serve their members’ financial needs with the exceptional service they’ve come to expect and deserve,” said Gunderson.
Dave Gunderson