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Members of the $79 million Paradise Valley Federal Credit Union (PVFCU), based in National City, Calif., approved the credit union's merger with the Huntington Beach, Calif.-based $3.3 billion Nuvision Credit Union, in a move that brings a first-ever expansion for Nuvision into the San Diego area. With the approval, the legal date of the merge is set for May 1.
According to a joint statement from the credit unions last week, while specific numbers were not detailed, a majority of PVFCU members voted in favor of the merger. The combined credit union will operate under Nuvision's name and charter. Nuvision CEO Roger Ballard will continue in his position as PVFCU's CEO Bud Schaffner will remain on to oversee the San Diego operations through the system integration. Once complete, Schaffner "will focus on business development and community outreach in the San Diego area."
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
