SANTA ROSA, Calif. — Redwood Credit Union and First Napa Federal Credit Union have announced merger plans effective March 1, 2007. "The goal of First Napa Federal Credit Union's board of directors is to expand service to our members. After much review, we determined merging with a larger, full-service credit union was the best way to achieve this," said FNFCU CEO Cherie Knox. "Redwood Credit Union was identified as the ideal merger partner because they share our focus on quality member service, they have a long and proven history of growth and financial stability, they are highly committed to giving back to the communities they serve, and they offer multiple North Bay locations to serve our members."
RCU will be the surviving credit union, will serve over 135,000 members and have total assets of over $1.5 billion.
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