Citing both the economy and prudent policies, the $500 million America's Christian Credit Union of Glendora, Calif. is closing two of its out-of-market branches today in Sacramento and Wichita, Kan.

"We're' proud to say that we're a healthy California credit union but made the decision to close two branches that simply were underperforming and did not meet our goals," declared Bryan London, vice president of marketing, stressing that both branch managers are being retained in new capacities.

Both branches opened several years ago following mergers with church-based CUs in Wichita and Loomis, a Sacramento suburb, but now no longer are as effective in producing business, said London.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.