Effective Saturday, July 31, the $323 million Vons Employees Federal Credit Union acquired the troubled $36 million Certified Federal Credit Union, which plunged to -17% net worth as of June 30.
"We are pleased to be adding new members from the same industry, who share a common heritage and history," said Vons CU President/CEO Steve Weakley in a release.
The El Monte, Calif.-based Vons CU said it will retain Certified's name and main branch location in Commerce, Calif.
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