ELGIN, Ill.–Corporate America Family Credit Union (CAFCU) said it will complete its merger with the struggling, California-based North Bay Credit Union in Santa Rosa on March 1.
The $114-million North Bay CU, which has approximately 2,800 members, posted a $2.2-million loss at year-end 2025, with net worth of 4.69%. The transaction was completed as an assisted merger, CAFCU said, “following extensive collaboration, regulatory coordination, due diligence, and thoughtful planning by leadership teams.”
“Together, the two organizations have formed a stronger, more versatile, and community-driven financial institution serving members across the Midwest and Northern California,” the $830-million Corporate America Family CU said in a statement. “The merger reflects a partnership built on shared values: exceptional member service, deep community commitment, and a mutual vision for long-term sustainable growth.”
‘Something Special’
“We are excited about the opportunity to bring our organizations together in a way that amplifies what both credit unions do best,” CAFCU President and CEO Stefanie Rupert said in a statement. “North Bay has built something special; our teams are aligned in mission and mindset. By combining our strengths, innovative technology, personalized service, and strong community presence, we believe we can deliver even greater value for all members.”
CAFCU said the combined organization benefits from greater scale, expanded product offerings, enhanced digital capabilities, and increased operational efficiencies.
‘Needs of Local Communities’
“North Bay Credit Union has always centered its work around the needs of our local communities, and the decision to pursue this merger was made intentionally to elevate that commitment with long-term stability, resilience, and growth,” said NBCU Interim CEO Darlene Brown said in a statement. “Partnering with CAFCU allows us to strengthen our foundation, expand our reach, and enhance the services we can provide while staying rooted in our mission. Through Greenbax Marketplace, we also bring a unique and compliant line of business that complements CAFCU’s offerings. Both organizations are stronger together, and we look forward to what this new chapter will bring.”
CAFCU added the continued expansion strengthens its presence in California while “reinforcing its long-standing commitment to sustainable growth and community-focused service.”
