To escape state taxes, California credit unions are switching to federal charters.

Five California groups have given up state charters for federal ones during the first nine months of 1995, and more are expected to convert, industry officials and observers said. Five institutions switched in 1994.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.