MORENO VALLEY, Calif. — Visterra Credit Union and Credit Union of Southern California, with $470 million and $530 million in assets respectively, are the latest to announce a mega-merger of equal partners.

Both credit unions have nearly identical net worth: 10.16% for Visterra and 10.10% for CUSoCal. Other financials reveal two safe and strong credit unions, save for some rising delinquencies and loss of ROA at Visterra, which is hardly news in mortgage war-torn and gas price weary SoCal.

So why merge? Simply put, members are better off thanks to economies of scale, officials say.

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