Nuvision Federal Credit Union absorbs Beverly Hills City Employees FCU in California merger

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Nuvision merges with Beverly Hills FCU

Highlights

NCUA approved the merger of Beverly Hills City Employees Federal Credit Union into Nuvision Federal Credit Union effective June 1, 2026, ensuring uninterrupted service for all members.
Beverly Hills City Employees Federal Credit Union, with 1,750 members and $14.9 million in assets, enters Nuvision, which has 204,942 members and $3.9 billion in assets.
All accounts, including individual, joint, and retirement accounts, remain insured by the National Credit Union Share Insurance Fund up to $250,000 per category after the merger.

Merger terms and member transition

As announced by the National Credit Union Administration, members transferring from Beverly Hills City Employees Federal Credit Union to Nuvision Federal Credit Union experience no interruption in services following the merger that takes effect June 1, 2026.

All accounts remain insured by the National Credit Union Share Insurance Fund, which NCUA administers. The fund insures individual accounts up to $250,000, while a member’s interest in all joint accounts combined is insured up to $250,000. IRA and KEOGH retirement accounts are separately insured up to $250,000.

Members with questions about their accounts may contact Nuvision Federal Credit Union at 310.275.3802. NCUA says additional information on share insurance coverage is available through the Share Insurance Coverage section of its consumer website.

Conservatorship background and sector impact

NCUA placed Beverly Hills City Employees Federal Credit Union into conservatorship on January 22, 2026, and appointed itself as conservator to address issues affecting the credit union’s safety and soundness. After several months of analysis and stakeholder engagement, the agency determines that a merger into Nuvision is in the best interest of members.

Beverly Hills City Employees Federal Credit Union was a federally insured and chartered institution serving 1,750 members with $14.9 million in assets, according to its most recent Call Report. Chartered in 1954, it served employees of the City of Beverly Hills, California.

Nuvision Federal Credit Union is a federally insured and chartered credit union with 204,942 members and assets of $3.9 billion, according to its most recent Call Report. The merger shifts members of the smaller institution into a significantly larger credit union while preserving federal insurance protection backed by the full faith and credit of the U.S.

Our earlier coverage of Alabama’s planned $75 million bond sale outlined the state’s upcoming June 15, 2026 issuance of general obligation bonds and Public School and College Authority pool bonds rated ‘AA’ with a Stable outlook. We noted that the ratings reflected strong reserves and disciplined budget management, while also flagging risks linked to reliance on sales-tax revenues and broader economic conditions.

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