When supermarket giant Whole Foods Market opened a store in a Sacramento neighborhood, a local food co-op immediately noticed a dip in customers.

While students at nearby University of California-Davis flocked to the natural and organic food grocery store, businesses like the Davis Food CO-OP experienced a slight drop in sales after the defection, said Chris Blackman, marketing manager at the $205 million Yolo Federal Credit Union in Woodland, Calif.

"They're located in a kind of a unique and weird corner and sometimes, people may forget that it's there," Blackman said.

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