Vista FCU said it has now surpassed $1 billion in loans to its members. To celebrate, it will make one monthly consumer loan payment for selected winners during a promotion to run through July. "This promotion is just one way of telling our members thank you," said COO Rick Skaggs. Vista serves employees and family members of Walt Disney Co.
The San Diego bank first considered finding a buyer two years ago and had offers in early 2019. The price of the deal it finally reached in the throes of the pandemic was much lower than some earlier offers.
The future of Fannie Mae and Freddie Mac, the Fed’s supervisory regime for the biggest financial institutions, reform of the Community Reinvestment Act and a host of other industry-related issues are on the ballot this November.