The $364 million First City Credit Union of Los Angeles is merging the $91 million Focus One Community CU of Monrovia effective next Monday.
In a formal statement, First City said the consolidation has received both regulatory and member approval creating a CU with 55,000 members, nine branches and 17 proprietary ATMs throughout Los Angeles County.
The surviving CU will retain the First City name and "have reserves that stand at over 11%, a measurement of strength that is well above national averages and significantly above regulatory requirements."
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