California

Musicians’ Interguild CU will merge with SAG-AFTRA FCU

New and used auto lending broke records, while HELOCs and second mortgages reached levels not seen since 2012.

Rebecca Reynolds Lytle will take the helm of the Bay Area CU on July 17.

Adding Community 1st Bank would help it expand in northern California.

Jonathan Oliver succeeds Stephen Stapp, who left SF FCU in 2016 to take the helm at Unitus Community CU in Portland, Ore.

The city has spent more than a decade working with nonprofits and banks to encourage people to open deposit accounts. Outreach and special products have lowered the unbanked rate in San Francisco to 2.1% in 2015 from 5.9% in 2011.

Lending and managing money for recording artists and labels can be a profitable niche. But volatile income streams, intellectual property challenges and business model upheaval can trip up the inexperienced.

he $640 million credit union is conducting a nationwide search for a successor to John Walling, who will retire July 31.

The California Reinvestment Coalition is pressing regulators to reject the $700 million bank merger unless PacWest commits more resources to underserved groups in Southern California.

Credit union will switch core processors in October, becoming the 21st Share One client in California.