Elgin, IL (February 25, 2026) |
Corporate America Family Credit Union (CAFCU) and North Bay Credit Union (NBCU) announced today that their merger will become effective March 1, 2026. Together, the two organizations have formed a stronger, more versatile, and community-driven financial institution serving members across the Midwest and Northern California.
The merger reflects a partnership built on shared values: exceptional member service, deep community commitment, and a mutual vision for long-term sustainable growth.
“We are excited about the opportunity to bring our organizations together in a way that amplifies what both credit unions do best,” said Stefanie Rupert, President & CEO of CAFCU. “North Bay has built something special; our teams are aligned in mission and mindset. By combining our strengths, innovative technology, personalized service, and strong community presence, we believe we can deliver even greater value for all members.”
Based on the most recent financial reporting as of December 31, 2025, North Bay Credit Union reported just over $114 million in assets. The combined organization benefits from greater scale, expanded product offerings, enhanced digital capabilities, and increased operational efficiencies.
This transaction was completed as an assisted merger, following extensive collaboration, regulatory coordination, due diligence, and thoughtful planning by leadership teams.
“North Bay Credit Union has always centered its work around the needs of our local communities, and the decision to pursue this merger was made intentionally to elevate that commitment with long-term stability, resilience, and growth,” said Darlene Brown, Interim CEO of North Bay Credit Union. “Partnering with CAFCU allows us to strengthen our foundation, expand our reach, and enhance the services we can provide while staying rooted in our mission. Through Greenbax Marketplace, we also bring a unique and compliant line of business that complements CAFCU’s offerings. Both organizations are stronger together, and we look forward to what this new chapter will bring.”
CAFCU’s continued expansion strengthens its presence in California while reinforcing its long-standing commitment to sustainable growth and community-focused service.
Both institutions emphasized that the merger is the result of extensive collaboration and careful planning designed to ensure a seamless transition for members and employees.
“This partnership reflects a shared belief in building a stronger future for our members, our teams, and the communities we proudly serve,” the organizations said in a joint statement.