California CU Loses Appeal Over Multimillion Dollar Taxi Medallion Lawsuit

SFFCU says it is disappointed in the ruling but that it has no impact on finances, operations or member services.

By Peter Strozniak | March 07, 2024 at 05:00 PM

Yellow taxi driving down a street in San Francisco

A California Court of Appeal affirmed last week a lower court's jury verdict that the San Francisco Metropolitan Transportation Authority (SFMTA) did not breach its taxi medallion lender agreement that led to millions of dollars in losses for the $1.4 billion San Francisco Federal Credit Union (SFFCU).

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