December 29, 1986
Lawrence J. Saindon, president of Pomona-based Southern California Central Credit Union, has been installed as chairman of the California Credit Union League. Saindon's responsibilities will include directing the activities of the association, which represents more than 900 credit unions in California.
January 4, 1993
The Irvine law firm of Tredway, Brandmeyer & Lumsdaine has acquired a Downey firm and hired three of its attorneys. The Downey firm, Solton, Jacobs & Castagno, had been in business since 1969. Its partners did not give a reason for the merger, nor did they say how many people will lose their jobs as a result. Solton, Jacobs represents about 70 credit unions across California. Joining Tredway are Donald R. Jacobs, who specializes in representing credit unions; Joseph D.
May 27, 2001 |
A zero-down-payment mortgage program for California's public schoolteachers has topped $140 million in volume in less than a year, according to Freddie Mac and the California State Teachers' Retirement System. Since it was introduced last spring, the CalSTRS Home Loan Program's zero-down mortgage option has enabled about 1,429 teachers and other school employees to buy homes. CalSTRS was one of the nation's first public pension funds to become a Freddie Mac seller/servicer.
November 5, 1997 |
As thousands of credit unions in the nation await a crucial Supreme Court ruling on their membership eligibility, March Federal Credit Union here isn't just sitting around and praying. In many ways, it has already prepared for the worst. The credit union still looks like a financial outpost in the hinterland of Riverside County. Its sole branch sits outside the main gate at March Air Force Base, where seven enlisted men reached into their pockets to form the credit union in 1953.
July 4, 1986 |
A joint venture including Bank of America and three other businesses is near an agreement to install automatic teller machines in at least 400 7-Eleven convenience stores in Southern California in what would become one of the nation's largest such ATM-retailer arrangements.
January 15, 1997 |
Despite huge layoffs at banks and savings and loans, the '90s have been good for many California credit unions, which have grown by broadening their services and membership. But now it's nail-biting time. In the next few days, the Supreme Court is expected to decide whether it will take up a case that ultimately could help credit unions continue to grow or lead to their shrinkage.