Caltech Employees FCU and Kings FCU Join the League

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The California Credit Union League would like to extend a warm welcome to Caltech Employees FCU and Kings FCU — both of which recently rejoined the League as members!

Kings FCU CEO Jeff Bassill appreciated what he called “the outstanding lobbying efforts by CCUL to prevent the passage of AB 2501.” 

California Assembly Bill 2501, authored by Assemblywoman Monique Limon, was a threat to the credit union movement, requiring credit unions to offer inflexible lengthy forbearances on mortgages up to Jan. 1, 2022, and lengthy forbearances on auto loans as well.

The bill ended up not advancing to the Senate, thanks in large part to the Connect for the Cause efforts by credit unions, their staff, and employees.

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