The $33 million Fort Bragg Community Federal Credit Union in Fort Bragg, Calif., recently signed of memo of understanding to merge with the $126 million Mendo Lake Credit Union in Ukiah, Calif.
"The cost associated with offering the variety of services Mendo Lake Credit Union will be able to offer is much more than a smaller credit union of our size can undertake," Pamela J. Merritt, FBCFCU CEO/president wrote in a statement to the credit union's 4,748 members.
"The merger of our two credit unions will keep the local credit union 'feel' that is so very important to our members and community," Merritt wrote.
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