Thursday, May 28, 2026

The SAFE Mega-Me Merger: "Here Come 'Da Judge"...

   Oops, Blue-handed"Court will not force merger."[link]

May, 2026 [link]: "The merger would have united two credit unions with $13.5 billion in assets and more than 1,400 employees, creating the fourth-largest credit union in California."

"A merger between San Diego County Credit Union and California Coast Credit Union is not expected to move forward, following a judge’s decision issued Thursday afternoon. The merger, announced about a year ago, faltered for several reasons."

"The court explained... writing that if the merger went ahead through a court order, SDCCU would be exposed to certain liabilities, lose autonomy and have to spend a lot of money on new hires, which would impact its ability “to operate and govern itself.” 

 Are mega-me mergers... "glutton-free"?  

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