SAN DIEGO--Two large credit unions in the San Diego area have announced plans to merge, with $9.3-billion San Diego County Credit Union merging with $3.4-billion Cal Coast Credit Union name.
The merger will create the fourth-largest credit union in California and the 16th largest in the nation. Expected to be finalized in early 2026, the combined institution will operate under the Cal Coast name. Cal Coast President and CEO Todd Lane will lead the new entity, while SDCCU President and CEO Teresa Campbell plans to retire.
“This merger creates a partnership between two large service-oriented and financially strong credit unions with deep, rich histories throughout Southern California,” said Campbell. “Together, we can offer members, employees, and the communities we serve access through expanded branches and ATMs, plus a stronger, more resilient organization that is ready and able to embrace the evolving financial services landscape.”
“Since our organization’s inception, the credit union’s vision has been to foster a culture of service and commitment to the community that our members are proud of,” Lane said. “The member and employee value resulting from this combination of our financially strong organizations is outstanding. Together, our joint strengths position us to achieve greater success and provide even greater opportunity to expand our community impact. Additionally, no jobs will be lost as a result of the merger as both organizations are committed to retaining talent and providing opportunity for growth.”