Important Announcement Important Announcement

We are pleased to share with you that the Boards of Directors of California Coast Credit Union and First Future Credit Union have approved a consolidation of the two financial institutions, pending approval by state and federal regulators.

If approved, the new organization, which would operate as California Coast Credit Union, would serve 130,000 members, with 26 branches and nearly 500 employees. With combined assets of over $1.8 billion, we would become the second largest credit union in San Diego.

Unlike a bank merger designed to make money for stockholders, this is a credit union consolidation combining strengths to benefit our members. Here’s what it would mean for you:

More Branches
Like California Coast, First Future Credit Union has a long history of member service, operating since 1939. Our combined branches would provide members with 26 locations throughout San Diego and Southern Riverside Counties – more than double the number of branches California Coast has today. Both credit unions participate in CO-OP, the largest surcharge-free ATM network in the country, and the CU Service Centers national “shared branch” network, so you would also continue to have access to those convenient services.

Very Competitive Rates
The combined credit union would offer a great opportunity for economies of scale. These cost savings would be returned to members as very competitive rates, enhanced technology and new products and services.

Same Friendly, Knowledgeable Employees
You can rest assured that you would receive the same high level of personal service, because all employees would be offered a position in the new organization. Both credit unions share the same quality member service and employee satisfaction strategies, and both have achieved exceptional scores in the same national member and employee satisfaction surveys.

Continued Financial Strength
Solid financial performance makes this union possible. Both credit unions are financially sound and have not originated sub-prime loans. Individually, we both face the challenges of increasing costs. The benefit of economies of scale combined with nearly $180 million in member capital reserves provides the new California Coast Credit Union with increased strength and stability.

The pending consolidation of California Coast and First Future, two credit unions of similar size, member service philosophies and complementary strengths, would offer both immediate and long-term benefits to our members.

We are very excited about this opportunity to enhance the benefits you receive. We appreciate your loyalty and trust, and will continue to keep you informed. Please feel free to call us at (877) 495-1600 if you have any questions.

Sincerely,