Pomona Postal Federal Credit Union Merges into Credit Union of Southern California

January 2022
Pomona Postal Federal Credit Union Merges into Credit Union of Southern California

Member Deposits Remain Protected to $250,000; Member Services Uninterrupted

ALEXANDRIA, Va. (Jan. 3, 2022) – Pomona Postal Federal Credit Union of Pomona, California, merged into Credit Union of Southern California of Anaheim, California, effective Jan. 1, the National Credit Union Administration announced today.

The new Credit Union of Southern California members should experience no interruption in services. New Credit Union of Southern California members may continue to contact the credit union and transact business by telephone at 909.629.3415 or in person at the office located at 437 West Center Street, Pomona, California. Members can also transact business at Credit Union of Southern California’s branches, and get information about Credit Union of Southern California’s rates, services, and branch locations on the Credit Union of Southern California website.

Member deposits remain protected by the National Credit Union Share Insurance Fund. Administered by the NCUA, the Share Insurance Fund insures individual accounts up to $250,000, and a member’s interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund separately protects IRA and KEOGH retirement accounts up to $250,000. The Share Insurance Fund has the backing of the full faith and credit of the United States.

Members may visit the Share Insurance section on MyCreditUnion.gov for more information about their share insurance coverage. They can also contact the NCUA’s Consumer Assistance Center.

On Nov. 5, 2021, the NCUA placed Pomona Postal Federal Credit Union into conservatorship and appointed themselves as conservator. The agency worked to address issues affecting the credit union’s safety and soundness. As conservator, the NCUA determined that merging Pomona Postal Federal Credit Union into Credit Union of Southern California was in the best interests of its members.

Before the merger, Pomona Postal Federal Credit Union had assets of $4.08 million and 717 members, according to its most recent Call Report. Chartered in 1964, Pomona Postal Federal Credit Union primarily served employees of the United States Postal Service in and around Pomona, California.

According to its most recent Call Report, Credit Union of Southern California is a federally insured, state-chartered credit union with assets of $2.22 billion and 129,617 members.

Last modified on
01/03/22