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Marking its first proposed merger in six years, the $720 million RTN Federal Credit Union of Waltham, Mass., said Friday it hopes to complete consolidation of the struggling $74 million Medical Area Federal Credit Union of Brookline, Mass., by Aug. 1.   

RTN said it was one of four or five Massachusetts credit unions that had been considered as a merger partner by the MAFCU board starting about three months ago as that credit union saw its capital ratios drop sharply to 4% and it posted a $1.2 million loss last year.  

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