All that remains is writing the screenplay.
Regulators on Wednesday cleared Motion Picture Federal Credit Union to merge into the $80 million-asset Musicians Interguild Credit Union in Hollywood, Calif.
The smaller actors credit union has struggled in recent years, reporting losses of $53,000 in 2009 and $80,000 last year, as its assets dipped to about $3.6 million.
Also Wednesday, the department of financial institutions in California reported that it had approved the planned merger of Star Energy Credit Union of Bakersfield, Calif., into the giant Chevron Federal Credit Union in Oakland. Star Energy had a $315,000 loss in 2010.
Finally, the $3 million-asset Onized Oakland Federal Credit Union has applied with the state regulator to merge into Allied Trades Credit Union of Stockton, Calif.
