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2 Calif. credit unions to merge

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

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Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

2 Calif. credit unions to merge

SanFrancisco-based San FranciscoMunicipal Railway Employees Federal Credit Union ($5.1 million) isset to merge with and into Torrance, Calif.-based ($2.17 billion), according to an April 6 press release posted on

Regulatoryapproval has been obtained for the proposed merger, which will be subject toSan Francisco Municipal Railway Employees FCU member vote.

TheSan Francisco branch of San Francisco Municipal Railway Employees FCU willremain open. All workers will keep their jobs.

Previously, the Torrance-based credit union announced thatstarting March 7, it will begin transitioning to its new name, UNIFY Financial CreditUnion, from its old name, WesternFederal Credit Union.