Huntington Beach-based Nuvision Credit Union is acquiring National City-based Paradise Valley Federal Credit Union (PVFCU), effective May 1.
The acquisition adds 4,500 members, $80 million in assets and 14 branches in the San Diego area to Nuvision, which currently has 160,000 members, $3.2 billion in assets and 26 branches spread among five western states.
The combined credit union will operate under the Nuvision name and charter, with leadership and employees from both credit unions. Nuvision CEO Roger Ballard will be CEO of the continuing credit union; PVFCU CEO Bud Schaffner will remain with the combined credit union, who will focus on business development and community outreach in the San Diego area.
“With our shared mission and values, together we’ll continue to serve all the financial needs of our hard-working members, providing an enhanced banking experience, while maintaining PVFCU’s long heritage of service to its members and the San Diego community,” Ballard said in a statement.
