Calif. CUs in Three-Way Merger

BUENA PARK, Calif - Three local credit unions have agreed to combine their operations.

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The three, California Agribusiness CU, Knudsen FCU, in nearby City of Industry, and California's First FCU, in Garden Grove, will form a single CU with almost $35 million and 8,000 members.

The surviving institution will be California Agribusiness CU, the largest of the three, with $21 million in assets. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com


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