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The 20,000 member, $353 million GFA Federal Credit Union, headquartered in Worcester Mass., moved a bit closer to finalizing a purchase of a stock-owned thrift  when a majority of the bank’s shareholders voted to approve the deal.

More than 99% of the shareholders who voted at the May 31 meeting approved the transaction. The $83 million Monadnock Community Bank had been a credit union until it converted its charter in 1996. It has since fallen upon harder economic times and has been looking for a merger partner.

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