Credit unions won a hard-fought victory last summer when Congress made it easier to expand their membership. But for two Southern California institutions, the new law is not enough.

Pacific Trust Federal Credit Union in Chula Vista and Kaiser Permanente Federal Credit Union in Pasadena are seeking to shed their credit union charters and become federal mutual savings banks.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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