Napa Schools Federal Credit Union to merge with Travis - East Bay Business Times:

Napa Schools Federal Credit Union to merge with Travis - East Bay Business Times:: "East Bay Business Times - December 6, 2006
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Napa Schools Federal Credit Union to merge with Travis
East Bay Business Times - 1:45 PM PST Wednesday
by Mavis Scanlon

The California Department of Financial Institutions and the National Credit Union Association approved in November the merger of Napa Schools Federal Credit Union and Travis Credit Union.

Napa members will submit votes by Dec. 18 to approve the merger.

The tiny Napa credit union has struggled to retain members, and as a result, has seen its total assets decline. At the end of September, it reported 3,666 members and assets of $15.4 million, down from 4,138 members and assets of $19.6 million in September 2004.

Marlene Myers, CEO of Napa, could not be reached to comment.

Travis, meanwhile, has enjoyed steady growth. The Vacaville-based credit union reported 143,646 members and assets of $1.6 billion as of September, up from 123,856 and assets of $1.4 billion in 2004. It just announced its 15th branch, in Atwater.

With the merger, Travis gains Napa Schools Federal Credit Union's"