FIRESTONE FSCU MERGES WITH CU SOCAL Posted on September 12, 2013

FOR IMMEDIATE RELEASE
September 3, 2013

Contact: Michelle Hunter, SVP Marketing & Development
Direct: 714. 671.2746
MHunter@CUSoCal.org

FIRESTONE FSCU MERGES WITH CU SOCAL

Credit Unions Unite to Build Better Lives for Members and Employees

BREA, CA—On August 1, 2013, Credit Union of Southern California (CU SoCal) and Firestone Financial Services Credit Union (Firestone FSCU) successfully completed their merger creating a credit union of wider branch access and increased opportunities for employee development and career advancement.

The newly combined organization, which will retain the CU SoCal name, has more than $720 million in assets, 10 branch locations, 14 proprietary ATMs, and serves more than 58,000 Members. CU SoCal President/CEO Dave Gunderson will remain as President/CEO and Firestone FSCU President/CEO, Lori Lyons, will remain with the new organization as a branch manager. Firestone’s single branch in Anaheim, CA will remain open and all associates will continue to be employed by CU SoCal.

“We are eager to continue serving our Members’ financial needs as part of the CU SoCal team,” stated Lyons. “This merger created tremendous opportunities for Members and employees. With this partnership, we are able to remain committed to the high level of service our Membership deserves while simultaneously offering them greater convenience and more innovative products and services.”

Gunderson shared, “We are equally excited about this partnership. CU SoCal and Firestone FSCU both share a commitment to building better lives for Members and employees. Together, we bring our Members and our employees more value in both the long and short term.”

The credit unions relied on employee engagement and CU SoCal’s experience with past mergers to seamlessly integrate all Firestone FSCU Member data. Complexities within the merger were mitigated by CU SoCal’s Information Services Team which operates as CU SoCal Partners LLC, a Credit Union Service Organization (CUSO). The comprehensive services they provide to CU SoCal as well as other credit unions gave them the broad, yet detailed knowledge of the intricate Member data systems and the experience needed to successfully transfer Member accounts in a short period of time.

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 $720 million in assets and is dedicated to Building Better Lives for its 58,000 Member-Owners through World-Class Service and convenience. Membership is open to those who live, work, worship, or attend school in Orange County, San Gabriel Valley, the cities connecting those geographic areas, as well as Chino, Chino Hills, Ontario, Pomona and San Bernardino. For more information, visit www.CUSoCal.org.

About CU SoCal Partners LLC

CU SoCal Partners LLC, headquartered in Brea, California, is an information technology support provider that offers a wide spectrum of technological services to credit unions across North America gain greater efficiency and effectiveness. CU SoCal Partners LLC is available by email at sales@CUSoCalPartners.com or by phone at 866.979.6482. For more information, visit www.CUSoCalPartners.com.

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