SAN JOSE, Calif.—Two more credit unions have announced expanded fields of membership.
Following approval from the state regulator and NCUA, in California PremierOne Credit Union has expanded its FOM to all persons who live, work, worship, or attend school in eight counties: Santa Clara, Santa Cruz, Monterey, San Benito, Alameda, San Mateo, Merced, San Joaquin, and Stanislaus.
The credit union said the “newly expanded mega-region — where individuals fitting these categories can join and build their financial well-being through the cooperative financial credit union model” — also includes membership for local businesses.
“With loyalty toward our mission, PremierOne Credit Union remains focused on sharing the cooperative benefits our current members enjoy across a much larger region so adjacent communities can flourish financially,” said President and CEO Andrea Brewer. “To achieve this, we have worked to expand our capacity to serve a larger field of membership, increased our technological capacity, expanded our financial education programs, emphasized services that help underserved individuals, and built strong partnerships with the community.”
The $550-million PremierOne CU has approximately 26,000 members.
Expansion in Iowa
Separately, Urbandale, Iowa-based Midland Credit Union said that with the merger with NGPL Employees Credit Union it has also expanded its field of membership to 24 Iowa counties.
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