Two Sacramento credit unions are merging as of Feb. 1.
First U.S. Community Credit Union announced this week it will merge with Big Valley Federal Credit Union. The combined entity will take the First U.S. name, serve 23,000 members and control $320 million in assets.
First U.S. mainly serves federal government employees and their families in a 12-county region, including Sacramento. Big Valley’s membership includes Safeway Inc. employees in California’s Central Valley and Nevada, and Pepsi employees in Northern California.
“The combined First U.S. will deliver additional products and services, better rates and enhanced financial strength,” said Carol Hauck, president and chief executive of First U.S., in a prepared statement.
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Big Valley’s members have approved the merger. So have state and federal regulators.
Call The Bee’s Dale Kasler, (916) 321-1066. Follow him on Twitter @dakasler.