Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Los Angeles Credit Unions Have Fallen As Fast As Banks

Tuesday, August 17, 2010 - 12:30 PM
From the Los Angeles Business Journal:
Los Angeles County has lost 20 credit unions, more than 11 percent of the total, since the beginning of last year, primarily because of failures or mergers, according to a Business Journal analysis of regulators’ data.

In addition to the credit unions that have closed, the article covers a lot of the past and present credit union mergers in the LA area. Here's one that's in the works:
Kinecta’s capital levels are set to rise soon once the institution completes a pending merger with NuVision Federal Credit Union

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708