San Gabriel Valley Postal Credit Union merges with Credit Union of Southern California
Credit unions unite to build better lives for members and employees
ANAHEIM HILLS, CA (May 3, 2016) — Credit Union of Southern California (CU SoCal) and San Gabriel Valley Postal Credit Union (SGV Postal Credit Union) successfully completed their merger creating greater value and convenience for Members and increasing opportunities for employee development and career advancement.
The newly combined organization, which will retain the CU SoCal name, has more than $1 billion in assets, 18 branch locations, and serves 80,000 Members. CU SoCal President/CEO Dave Gunderson will remain as President/CEO, and the former branch of SGV Postal Credit Union in Covina, CA will remain open for six months with the same service hours and many of the same friendly associates.
Gunderson shared, “We are excited about this partnership. CU SoCal and SGV Postal Credit Union 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 is a credit union open to those who live, work, worship, or attend school in Los Angeles, Orange, Riverside and San Bernardino counties. CU SoCal has a superior five-star financial rating from BauerFinancial, holds more than $2 billion in assets, and serves more than 130,000 Members. For more information, visit CUSoCal.org.