Inland Empire Credit Union Merges with Credit Union of Southern California Posted on June 6, 2012

FOR IMMEDIATE RELEASE
Contact: Michelle Hunter
Direct: 714.671.2746
MHunter@CUSoCal.org

Inland Empire Credit Union Merges with Credit Union of Southern California

Brea and Pomona, CA—On June 7, 2012, Members of Inland Empire Credit Union (IECU) voted overwhelmingly 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, and 14 proprietary ATMs, serving nearly 50,000 Members throughout Orange County, the San Gabriel Valley, the cities connecting those geographic areas as well as Chino, Chino Hills, La Verne, Ontario, Pomona, and San Bernardino.

CU SoCal President/CEO Dave Gunderson will remain President/CEO of the newly combined organization, which will retain the CU SoCal name. IECU President/CEO Rick Hoffman will remain with the new organization as Vice President of Business Development and Legislative Affairs. All branches will remain open, and all employees of CU SoCal and IECU will continue to be employed following the merger.

“We are eager to continue serving our Members’ financial needs as part of the CU SoCal team,” stated Hoffman. “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. Together, we bring our Members, our employees, and our communities more value in both the long and short term.”
The credit unions will be integrated on July 1, 2012. Former IECU 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, investment services, and real estate and SBA loans.

About Credit Union of Southern California (CU SoCal)

Founded in 1954 as Whittier Area Schools Federal Credit Union, CU SoCal (CUSoCal.org) has a five-star financial rating from BauerFinancial, a nationally recognized independent 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 open to those who live, work, worship, or attend school in Orange County, San Gabriel Valley, and the cities connecting those geographic areas.

About Inland Empire Credit Union (IECU)

Founded to serve employees of General Telephone, IECU (InlandEmpireCU.org) has been helping people meet their financial needs since 1937, providing world-class service and excellent products and services to its Members. Today, IECU is a $39.5 million credit union serving nearly 6,000 Members.

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