Cal Coast, SDCCU Call Off Merger After Months Of Legal Battle
By CU Today Staff —
SAN DIEGO—The proposed merger between California Coast Credit Union and San Diego County Credit Union has apparently come to an end, with Cal Coast confirming Friday that the two institutions have mutually agreed not to move forward with the transaction.
"Under terms of a mutual agreement, the merger between Cal Coast Credit Union and SDCCU will not be moving forward," Cal Coast spokesperson Robert Scheid said in a statement provided to CUToday.info.
The announcement appears to bring to a close months of contentious litigation that began after SDCCU terminated the merger agreement in late 2025, alleging significant compliance deficiencies at Cal Coast. Cal Coast disputed those allegations, arguing SDCCU had developed buyer's remorse and improperly abandoned a transaction that would have created one of California's largest credit unions. The dispute generated thousands of pages of court filings, multiple hearings and extensive regulatory scrutiny, including questions raised by the National Credit Union Administration regarding the proposed combination.
CUToday previously reported that on April 30, San Diego Superior Court Judge Carolyn Caietti denied Cal Coast's request for a preliminary injunction that would have required SDCCU to continue working toward completing the merger. In that ruling, the court found Cal Coast had not demonstrated it was likely to succeed on the merits of its claims and questioned whether the merger could ultimately receive regulatory approval.
Originally reported by CU Today.