The National Credit Union Administration announced that Beverly Hills City Employees Federal Credit Union of Beverly Hills, California, merged into Nuvision Federal Credit Union of Huntington Beach, California, effective June 1, 2026. Members transferring to Nuvision will see no interruption in services, and their accounts remain insured by the National Credit Union Share Insurance Fund, including coverage of up to USD 250,000 for individual accounts, up to USD 250,000 for a member’s combined interest in joint accounts, and separate coverage of up to USD 250,000 for IRA and KEOGH retirement accounts. NCUA had placed Beverly Hills City Employees Federal Credit Union into conservatorship on January 22, 2026 and appointed itself as conservator to address safety and soundness issues. After several months of analysis and stakeholder engagement, it concluded that a merger into Nuvision was in members’ best interests. Beverly Hills City Employees Federal Credit Union had 1,750 members and USD 14.9 million in assets, while Nuvision Federal Credit Union has 204,942 members and USD 3.9 billion in assets, according to their most recent Call Reports.
National Credit Union Administration2026-06-02
National Credit Union Administration completes merger of Beverly Hills City Employees Federal Credit Union into Nuvision Federal Credit Union after conservatorship
The National Credit Union Administration announced that Beverly Hills City Employees Federal Credit Union has merged into Nuvision Federal Credit Union, effective June 1, 2026, following NCUA’s conservatorship of the former to address safety and soundness issues. NCUA determined the merger was in members’ best interests, and members’ accounts remain insured by the National Credit Union Share Insurance Fund, including coverage up to USD 250,000 for individual, joint, and IRA/KEOGH accounts.