EL SEGUNDO, Calif. — Two more California credit unions have announced merger plans.
The $723 million Xerox Federal Credit Union and $60 million Tiger Federal Credit Union said on Oct. 22 they plan to combine the two financial institutions. TFCU operates branches in California and New York and serves 9,800 members from 68 select employer groups. XFCU operates branches in California, Connecticut, Florida, Illinois, New Jersey, New York and Texas and serves 69,000 members from more than 100 SEGs.
XFCU President/CEO Teresa Freeborn will remain in those roles while TFCU President/CEO Rosemary Helgeson will initially oversee the merger and then join the XFCU management team as a consultant, according to both credit unions.
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