BURBANK, Calif. – 2002 seems to be starting for California much the same way that 2001 ended – with a federal credit union applying to convert to a state charter.
The FCU making news this time – Lockheed FCU with $1.2 billion in assets – is the third billion-dollar FCU in California to convert to a state charter in the past two years.
The others were Star One, Sunnyvale, and North Island CU, Chula Vista.
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