ANAHEIM HILLS, Calif.–Two California CUs have announced a merger. The $29.5-million Cedars-Sinai FCU will merger into the $1.5-billion Credit Union of Southern California (CU SoCal) effective May 1.
The combined institution will have more than 114,000 members and 18 branches, and will serve an FOMthroughout Los Angeles, Orange, Riverside, and San Bernardino counties. CU SoCal President and CEO Dave Gunderson will continue in the same role of the combined organization. Cedars-Sinai FCU Manager Nor Kurasz will serve as branch manager.
The credit unions said in early summer, the Cedars-Sinai FCU branch will be relocated less than a mile away for more convenience and community access. At its new location, the branch will still retain the same associates, but its business hours will be extended, the credit unions said.
“Cedars-Sinai FCU was founded in 1966 to provide members with the best financial services possible,” said Board Chairman Dean Varga. “Partnering with CU SoCal will preserve the credit union’s service legacy while adding convenience and a comprehensive portfolio of financial products and services to best serve today and well into the future.”
Gunderson agreed: “Cedars-Sinai FCU has been dedicated to the medical community, understanding, security, convenience, and financial freedom. Those commitments line up with our own and won’t change with this merger.”