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2 Calif. credit unions merge

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2 Calif. credit unions merge

Covina, Calif.-based San Gabriel Valley Postal Credit Union ($20.3 million)has merged into Anaheim, Calif.-based Credit Union of Southern California ($1.05 billion),according to a May 3 press release posted on CUInsight.com.

Retaining the CU SoCal name, the combined institution has80,000 members, 18 branches, and more than $1 billion in assets. It continuesto be led by CU SoCal President and CEO David Gunderson. The former San GabrielValley Postal CU location in Covina will still be open for six months.