More California FCUs File For State Charters

July 06, 2000, 1:00 a.m. EDT 1 Min Read

- SACRAMENTO, Calif. (07/06/00) - Another fivefederal credit unions have applied to state regulators with theDepartment of Financial Institutions (DFI) to convert to statecharters under the states liberal FOM standards. That makesa total of 17 California-based federal credit unions that haveapplied to convert so far this year and 35 over the past threeyears. The latest application are from: 1st City Savings FCU,Glendale ($250 million); Marine Corps West FCU, Camp Pendleton($230 million); Kaiser-Lakeside FCU, Oakland ($25 million); UnipacFCU, San Francisco ($18 million). The DFI also approved two moreconversions: Alliance FCU, San Jose ($240 million) and ACU FCU,Redwood City ($35 million), making nine conversions approved so farin 2000.

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