Press
California Center Credit Union merges with Credit Union of Southern California
Credit Unions Unite to Build Better Lives for Members and Employees
ANAHEIM HILLS, CA (February 1, 2015) — On February 1, 2015, Credit Union of Southern California (CU SoCal) and California Center Credit Union (CCCU) successfully completed their merger creating greater value and convenience for the combined Membership and increasing opportunities for employee development and career advancement.
The newly combined organization, which will retain the CU SoCal name, has more than $925 million in assets, 15 branch locations, and serves more than 75,000 Members. CU SoCal President/CEO Dave Gunderson will remain as President/CEO and CCCU interim President/CEO, Don Gensler, will serve the combined organization in an advisory capacity. CCCU’s branch in Ontario, CA remains open with the same friendly associates and service hours.
“We are eager to continue serving our Members’ financial needs as part of the CU SoCal team,” stated Gensler. “This merger created tremendous opportunities for Members and employees. With this partnership, we are able to remain committed to the high level of service our Membership deserves while simultaneously offering them greater convenience and more innovative products and services.”
Gunderson shared, “We are equally excited about this partnership. CU SoCal and CCCU both share a commitment to building better lives for Members and employees. Together, we bring our Members and employees greater value in both the long and short term.”
The credit unions relied on employee engagement and CU SoCal’s experience with past mergers to mitigate complexities associated with integrating Member data and to successfully finalize the partnership.
About Credit Union of Southern California (CU SoCal)
Founded in 1954 as Whittier Area Schools Federal Credit Union, CU SoCal has a five-star financial rating from BauerFinancial, a nationally recognized independent bank research firm. Today, CU SoCal has more than $925 million in assets and is dedicated to Building Better Lives for its 75,000 Member-Owners through World-Class Service and Convenience. Membership is open to those who live, work, worship, or attend school in Orange County, Los Angeles County, as well as Chino, Chino Hills, Ontario, Pomona and San Bernardino. For more information, visit CUSoCal.org.