Ailing California CUs To Be Merged Out

SACRAMENTO – State regulators said two more troubled credit unions, American River HealthPro CU and Alisos CU, are to be merged out.

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The Department of Financial Institutions has approved the merger of Rancho Cordoba-based American River HealthPro, with $215 million in assets and a $7.5 million first quarter loss, into SAFE CU, the $1.5 billion Sacramento credit union.

And Alisos, a $9 million Norwalk credit union with a $227,000 first quarter loss and $450,000 2008 loss, has applied to the DFI to merge into $96 million Camino FCU, in Montebello.


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