Arrowhead Central Credit Union, an NCUA conservatorship that has been shrinking for months, is now closing eight of its California branches by year end.
The eight include six located in Stater Bros. Market stores plus two others in the San Bernardino area where the ailing $720 million CU has its headquarters.
There long has been speculation Arrowhead's serious financial problems and asset spinoffs, climaxed by the agency conservatorship June 25, would eventually lead to a purchase-assumption deal, but none has been forthcoming so far.
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