Members of the Anaheim Area Credit Union on Thursday approved its acquisition by Orange County’s Credit Union.
“It is a great opportunity for its members because they only have a single branch. It will increase their convenience,” said Lynda Hill, the vice president of marketing and business development for OCCU.
OCCU has six branches across the county serving 54,000 members. AACU has one branch location in Anaheim with about 10,000 members. The combined institution will have about $450 million in assets.
The acquisition, which OCCU officials expect to be completed by the end of November, has been approved by state and federal regulators.
