CA-based Credit Union of Southern California (CU SoCal) and Los Angeles, CA-based Cedars-Sinai Federal Credit Union will successfully complete their merger on May 1, 2019.
The newly combined organization, which will retain the CU SoCal name, will have more than $1.4 billion in assets, 18 branch locations, and serve more than 114,000 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. Cedars-Sinai FCU Manager Nor Kurasz will serve as branch manager.
In early summer, the Cedars-Sinai FCU branch will be relocated less than a mile away for more convenience and community access. At its new location, the branch will still retain the same associates, but its business hours will be extended.
“Cedars-Sinai FCU was founded in 1966 to provide members with the best financial services possible,” said Board Chairman Dean Varga. “Partnering with CU SoCal will preserve the credit union’s service legacy while adding convenience and a comprehensive portfolio of financial products and services to best serve today and well into the future.”
Gunderson agreed: “Cedars-Sinai FCU has been dedicated to the medical community, understanding, security, convenience, and financial freedom. Those commitments line up with our own and won’t change with this merger.”
Once the merger is complete between Credit Union of Southern California (CU SoCal) and Cedars-Sinai Federal Credit Union, CU SoCal President and CEO Dave Gunderson will continue in the same role of the combined organization.