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Family 1 Federal Credit Union Merges with Credit Union of Southern California Posted on June 19, 2012

Contact: Michelle Hunter
Direct: 714.671.2746

Family 1 Federal Credit Union Merges with Credit Union of Southern California

Brea and Placentia, CA—On June 18, 2012, Members of Family 1 Federal Credit Union (Family 1) voted in favor of merging into Credit Union of Southern California (CU SoCal). This merger creates a credit union with more than $600 million in assets, eight branch locations, 14 proprietary ATMs, serving more than 45,000 Members throughout Orange County, the San Gabriel Valley, and the cities connecting those geographic areas.

CU SoCal President/CEO Dave Gunderson will remain President/CEO of the newly combined organization, which will retain the CU SoCal name. Family 1 President/CEO Patricia White will remain with the new organization as Vice President of Strategic Projects. All branches will remain open, and all employees of CU SoCal and Family 1 will continue to be employed following the merger.

“We could not have hoped for a better partnership or a better outcome,” stated White. “We are confident this will be a smooth and seamless transition and expect to carry this positive momentum moving forward well into the future as a combined credit union.”

Gunderson shared equally positive thoughts on the merger stating: “Culture is a critical component to the success of any partnership. We share a commitment to building better lives for our Members, employees and residents in the communities we serve. A combined credit union will also allow us to strengthen our commitment and provide more opportunities for the Members and employees of both credit unions.”

The credit unions will be integrated on September 1, 2012. Former Family 1 Members will enjoy many additional products and services including Saturday hours at several branches and in the phone center, extended weekday branch and phone hours, free Mobile Banking, and real estate and business loans.

About Credit Union of Southern California (CU SoCal)

Founded in 1954 as Whittier Area Schools Federal Credit Union, CU SoCal ( has a five-star financial rating from BauerFinancial, a nationally recognized independent bank research firm. Today, CU SoCal has more than $576 million in assets and is dedicated to providing its more than 43,000 Member-Owners with World-Class Service, competitive products, and convenience. Membership is available to those who live, work, attend school or worship in Orange County, the San Gabriel Valley and the cities connecting those geographic areas.

About Family 1 Federal Credit Union (Family 1)

Initially serving employees of Unocal Science and Technology in Brea, Family 1 ( has been helping people meet their financial needs since 1964 by providing world-class service and excellent products and services to its Members. Today, Family 1 is a full-service, $25 million credit union serving approximately 1,650 Members in the communities of Placentia and Yorba Linda.

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