North Orange County Credit Union Merges with Credit Union of Southern California Posted on June 28, 2012

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

North Orange County Credit Union Merges with Credit Union of Southern California

Brea and Fullerton, CA—On June 28, 2012, Members of North Orange County Credit Union (NOCCU) 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 more than 45,000 Members throughout Orange County, the San Gabriel Valley, and the cities connecting those geographic areas.

The credit unions will be integrated on August 1, 2012. Former NOCCU 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.

CU SoCal President/CEO Dave Gunderson will remain President/CEO of the newly combined organization, which will retain the CU SoCal name. NOCCU President/CEO Marjorie Tester will remain with the new organization as Senior Vice President of Strategic Initiatives. All branches will remain open, and all employees of CU SoCal and NOCCU will continue to be employed following the merger.

“CU SoCal is an outstanding organization, and we couldn’t be more excited about a shared future,” stated Marjorie Tester. “This partnership brings our Members many immediate benefits including access to longer Member service hours and expanded product offerings—with the same friendly, personalized and efficient service we’ve had for over 60 years. In addition, this partnership also creates a bright future for all employees.”

Likewise, Gunderson shared: “Culture is a critical component to the success of any partnership. We both 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.”

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 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 North Orange County Credit Union (NOCCU)

Founded in 1951, NOCCU (noccreditunion.org) has a five-star financial rating from BauerFinancial, a nationally recognized independent research firm. Today, NOCCU has $60 million in assets and is dedicated to providing its more than 4,000 Member-Owners with World-Class Service, competitive products, and convenience.

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