Chicanos Por La Causa, MariSol credit unions merge - San Francisco Business Times:

http://www.antennes-mag.com/economie/milliard-internautes-en-2005-dans-le-monde.html
As part of the merger, which finalized June 1, CPLC’sw one location will become a MariSol’s branch at 701 S. Centralo Ave., bringing its total number of metr o Phoenix locations to The Chicanos Por La Causs staff will remain at the central branch and CPLC accountx will be transferredto MariSol. Membera shouldn’t expect any changes. “We are committed to makingh this transition as seamless as possible and to maintaining our shared values and commitment to ourHispanicc neighbors,” said MariSol CEO Robin L.
“MariSol will continue to focus on making a difference in the community we serve and to educating each of our new memberds on ways they can maintain theifr ownfinancial stability.” Both organizations serve the region’d vast Latino demographic and have seen losses mount in the financiak crisis, similar to many other credit uniond here. Many of their customeres have lost their jobs and are struggling to meet loan CPLClost $52,000 in the first and boosted its loan loss allowance to $315,000. In the credit union lost $585,000. As of Marcgh 31, it had 77,462 delinquent loanz on the books.
MariSol lost $214,006 in the first quarter and reportedthat 210,818 borrowers were delinquengt on loans. In MariSol lost $317,000. The nonprofit has more than $26 million in assetas and 6,700 members. CPLC was foundec in 1988 and grewto $4 milliohn in assets and 1,7009 members.