California Coast Credit Union and San Diego County Credit Union Announce Intent to Merge

California Coast Credit Union and San Diego County Credit Union Announce Intent to Merge

Benzinga
April 11, 2025

San Diego, CA April 11, 2025 --(PR.com)-- In a move that would change the financial landscape of Southern California, California Coast Credit Union (Cal Coast) and San Diego County Credit Union (SDCCU) have announced plans to merge, pending regulatory approval and a Cal Coast membership vote.

Upon approval, the combined credit union will boast a powerhouse organization with assets totaling nearly $13.5 billion, 65 branch locations, and more than 1,400 employees serving members in Imperial, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara, and Ventura counties. The organization will remain the fourth largest credit union in the state and become the 16th largest in the nation.

“This merger creates a partnership between two large service-oriented and financially strong credit unions with deep, rich histories throughout Southern California,” said Teresa Campbell, president and CEO of SDCCU. “Together, we can offer members, employees, and the communities we serve access through expanded branches and ATMs, plus a stronger, more resilient organization that is ready and able to embrace the evolving financial services landscape.”

Todd Lane, President and CEO of Cal Coast, agreed. “Since our organization’s inception, the credit union’s vision has been to foster a culture of service and commitment to the community that our members are proud of,” Lane said. “The member and employee value resulting from this combination of our ...

https://www.benzinga.com/pressreleases/25/04/r44767977/california-coast-credit-union-and-san-diego-county-credit-union-announce-intent-to-merge

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