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The $41 billion Navy Federal Credit Union announced Sept. 13 it will merge the $605 million United Services of America FCU of San Diego, which fell to 2.76% net worth as of June 30. Both boards have approved the merger, Navy Fed said in a release.

Both credit unions praised the deal and their new partners. USA Federal CEO Mary Cunningham told Credit Union Times she has worked with Navy Fed for years and has a good relationship with the world’s largest credit union, which currently has 13 branches in San Diego County.

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