The Arrowhead Credit Union bank at 421 N. Sierra Way in San Bernardino is free from government control after three years. (File Photo)
Andrew Edwards, Staff Writer
Posted: 05/24/2013 09:47:56 AM PDT
Updated: 05/24/2013 06:12:21 PM PDT
Arrowhead Credit Union, based in San Bernardino, has been released from conservatorship after being under government control for nearly three years.
“It is a great day for the members of Arrowhead Credit Union and the County of San Bernardino,” said Diane Dykstra, president of the California & Nevada Credit Union Leagues.
“We can debate day in and day out, ‘Did the regulators act prematurely? Did they wait too long,’ … At the end of the day, it doesn’t matter because it’s back in the hands of its members. ”
The California & Nevada Credit Union Leagues are trade associations for 343 credit unions in the two state area.
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