ALEXANDRIA, Va. – NCUA reported yesterday it approved the merger of Channel Islands FCU, the one-time $27 million credit union, into Western FCU, the $1.5 billion credit union which recently completed the integration of Toyota FCU.
Channel Islands, based in Oxnard, Calif., has seen its asset base dwindle to $19 million and reported a $1.4 million loss for 2008.
NCUA also approved the merger of: NSF FCU into FDIC FCU; Diamond State FCU into Sussex County FCU; Associated Blind of Oklahoma/Texas FCU into Tinker FCU; and KC Councils FCU into Money One FCU.
