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Redwood City-based credit union merges with San Francisco company

The Redwood City-based My Credit Union has merged with the San Francisco Federal Credit Union
jonathan-oliver-left-president-ceo-of-sffedcu-alex-casillas
Jonathan Oliver (left), President and CEO of San Francisco Federal Credit Union welcomes Alex Casillas (right), former CEO of My Credit Union in Redwood City, CA

The Redwood City-based credit union has merged with the San Francisco Federal Credit Union, according to a Tuesday news release. 

The merger, which took effect on Jan. 1, brings together My Credit Union's 2,000 branch members at 510 Veteran’s Boulevard to San Francisco's 47,000-member credit union network.

“Our members overwhelmingly supported this merger with San Francisco Federal Credit Union because we share the same values and place the same strong emphasis on member service,” My Credit Union‘s President Alex Casillas said in an announcement. “This merger provides our members with new products and benefits, and it increases their access to a wider branch network.”

My Credit Union was established in Redwood City in 1963 and has $37 million worth of assets, according to the news release. 

“This merger allows us to further enhance the delivery of our services to our members in the greater San Mateo County area,” said Jonathan Oliver, President & CEO of San Francisco Federal Credit Union.

Established in 1954, the San Francisco Federal Credit Union has assets totaling $1.3 billion and serves members across San Francisco and San Mateo County, according to the news release.