North County Credit Union Agrees to Merger with Cabrillo Credit Union

Deal News | Feb 07, 2025 | EIN

North County Credit Union Agrees to Merger with Cabrillo Credit Union

In a strategic maneuver within the financial services sector, North County Credit Union’s members have sanctioned a merger with Cabrillo Credit Union, a well-established institution with a 70-year legacy. Effective from February 1st, this union sees North County Credit Union rebranded as a division of Cabrillo Credit Union. The merger is set to broaden the geographical and service reach of both entities, promising an enriched banking experience for their members. Gary Sisk, CEO of North County Credit Union, expressed enthusiasm about the enhanced services and opportunities that this merger presents. Kevin Posey, CEO of Cabrillo Credit Union, highlighted this union as a testament to their enduring commitment to member excellence. The transition should be seamless, with continuous updates provided to members. Cabrillo Credit Union, initially established to serve Border Patrol agents, now caters to a diverse membership across the greater San Diego area, including federal employees and healthcare professionals.

Sectors

  • Financial Services

Geography

  • United States – The merger involves two credit unions based in the United States, specifically in San Diego, California.
  • San Diego, California – Both credit unions have their operations and membership heavily focused in the San Diego area, where they are enhancing services through merging.

Industry

  • Financial Services – The article pertains to the merger of two credit unions, which are financial institutions providing banking services.

Financials

    Participants

    NameRoleTypeDescription
    Cabrillo Credit UnionBidding CompanyCompanyA credit union with over 26,000 members, originally founded to serve Border Patrol agents, and now includes federal employees and healthcare professionals.
    North County Credit UnionTarget CompanyCompanyA local credit union in San Diego merging into Cabrillo Credit Union to become its division.
    Gary SiskCEO of North County Credit UnionPersonThe CEO of North County Credit Union who provided remarks on the merger.
    Kevin PoseyCEO of Cabrillo Credit UnionPersonThe CEO of Cabrillo Credit Union who provided remarks on the merger.