MONTEREY, Calif. -- Credit unions anticipating who will bid on Cal State 9's assets may have to wait awhile, based on talk among Big Valley conference-goers.

Tom Kulinski, director for $1.6 billion Travis Credit Union, said his Vacaville-based institution is watching and waiting to see who places bids before making a decision, and added he thinks other credit unions are probably doing the same.

"We've never seen this kind of thing before in Northern California, at least not the five years I've been on the board, so we're kind of in unfamiliar territory here," Kulinski said, "and I think a lot of people are waiting to see what everyone else is going to do."

Despite sending representatives to the NCUA's bidding conference last week, Kulinski said Cal State 9's assets don't provide much of a benefit for Travis. However, if nobody bids and a lack of demand turns it into a bargain, he'll take a closer look.