NCUA merger report, Q1 2026
North Bay merger into Alero Financial Credit Union
NCUA's Merger Activity and Insurance Report for Q1 2026 lists North Bay, of Santa Rosa, CA, as merging into Alero Financial Credit Union, of Elgin, IL. NCUA records the reason as "poor financial condition". North Bay last filed a call report for Q4 2025, with $114.4M in assets and 2,830 members.
Members of North Bay become members of Alero Financial Credit Union. Watch for its notice on new account numbers, cards and online banking.
The two credit unions side by side
| Measure | North BayQ4 2025 | Alero Financial Credit UnionQ2 2026 |
|---|---|---|
| Assets | $114.4M | $953.5M |
| Members | 2,830 | 65,426 |
| Net worth ratio | 4.69% | 11.95% |
| Offices | – | 15 |
| Paid on deposits | – | 2.09% |
| New auto loan rate | – | 5.95% |
| Fee income per member | – | $142 |
Figures for North Bay are from its call report for Q4 2025; this page carries only its size and capital. Assets for the report quarter: $114.4M merging, $829.8M continuing.
On our member-value score, built only from call-report data, Alero Financial Credit Union scores 49.4 out of 100.
Alero Financial Credit Union offices near Santa Rosa
From NCUA's branch file for Q2 2026, in Santa Rosa first and then elsewhere in CA. Every Alero Financial Credit Union location
Healdsburg, CA 1
- Healdsburg 1357 Healdsburg Ave, Healdsburg, CA 95448 ATM
Rohnert Park, CA 1
- Rohnert Park 101 Golf Course Dr, Rohnert Park, CA 94928 ATM
Santa Rosa, CA 1
- Santa Rosa 397 Aviation Blvd Ste L, Santa Rosa, CA 95403 ATM
Sonoma, CA 1
- Sonoma 201 Nino Marco Sq, Sonoma, CA 95476 ATM
Source: NCUA Merger Activity and Insurance Report, Q1 2026, and NCUA 5300 call reports. The report quarter is when the approval was listed; the merger may take effect later. Not affiliated with NCUA or either credit union. · All recent mergers · Alero Financial Credit Union full figures
Questions people ask
Did North Bay merge?
Yes. NCUA's Merger Activity and Insurance Report for Q1 2026 lists North Bay, of Santa Rosa, CA, as merging into Alero Financial Credit Union, of Elgin, IL. Its last call report was for Q4 2025.
Why did North Bay merge?
NCUA records the reason as "poor financial condition". That is the category NCUA's report gives; the credit unions' own merger notice to members explains it in more detail.
What happens to my North Bay account?
Members and their accounts move to Alero Financial Credit Union, which becomes your credit union. Account numbers, the routing number, cards, checks and online banking can change; the notice Alero Financial Credit Union sends members gives the dates. Keep using your current details until it tells you otherwise.
Is my money still insured?
Yes. Alero Financial Credit Union is federally insured by NCUA, which covers deposits up to $250,000 per owner, per insured credit union, for each account ownership category. If you also had accounts at Alero Financial Credit Union before the merger, your balances are now at one credit union.