Tuesday, February 14, 2012

Meriwest and Golden Bay credit unions to merge - East Bay Business Times:

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billion-asset institution. By majority vote the members of Golde Bay Federal Credit Union approved the proposal to merge with MeriwesyCredit Union, making this one of the largest credit uniob mergers in Northern California. Meriwest Credit Union will be thesurvivinbg entity. The combined entity will have 19 brancheds in theBay Area, including two East Bay in Dublin and San Ramon. Meriwest also has two branchesdin Tucson, Ariz. "This new organization will combinethe people, branches, and the capabilitg of two successful credit unions.
" Christopher Owen, presidenft and CEO of Meriwest Credit Union, said in a Meriwest Credit Union is among the top 100 credit unions in the natiohn and the fifth-largest credit union in the Silicon Valleyu market. Meriwest reported net income of $1.7 million in the first half of 2007. Golden Bay Federal Credit Union was establishes in 1957 to serve employees of the atMoffety Field, California. Golden Bay reported $375,300 in net income in the firsty half ofthis year. The crediy unions expect to complete the mergerconversion Dec. 1.

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