Bank / Credit Union
Wescom Credit Union to merge with Central Coast Federal Credit Union
August 31, 2023
Wescom Credit Union, based in Southern California, announced a merger agreement with Monterey County, California-based Central Coast Federal Credit Union in the second quarter of 2024. Through this merger, CCFCU's four retail branches will convert to Wescom branches, bringing its total to 28 branches, according to a press release.
The banks aim to offer a full range of banking products and services including early access to direct deposit. CCFCU employees will also be provided with benefits, training resources and tools.
"We couldn't be more excited for this next stage of growth for CCFCU. For more than 70 years, we have been committed to providing residents of Monterey County with valuable, personal banking services," Leinette Limtiaco, president and CEO of CCFCU, said in the press release. "That member-first focus enables us to seek strategic opportunities to improve the everyday banking needs of our members. This merger with Wescom will allow us to provide our members with a greater depth of product, technologies, access channels and service."
