The $1.2 billion, 79,900-member NuVision Federal Credit Union inHuntington Beach, Calif., will be merging the $97 million,9,000-member Pacific Resource Credit Union in Los Angeles.

The consolidation has received approval from regulators and themembership of Pacific Resource and will take effect July 1, thecredit unions announced Thursday.

“With strong balance sheets, full-service product offerings and established member bases, the mergerjoins two successful credit unions to create a new organizationthat will be well positioned to grow and increase member value overthe long term,” their joint statement said.

The merger will leave NuVision with 14 branches, $1.3 billion inassets and 87,000 members throughout Los Angeles and Orangecounties.

NuVision's CEO Roger Ballard will remain CEO while PacificResource CEO James McHale will become NuVision's chief riskofficer, the credit unions said.

NuVision was founded in 1935 to serve employees of DouglasAircraft Co. while Pacific Resource was founded in 1936 as RioGrande General Office Employees FCU.

A planned merger between NuVision and the $3.1 billion KinectaFCU was called off in 2012.

As for combining the databases, NuVision runs on a FiservDataSafe platform while Pacific Resource is a Harland FinacialServices' UltraData client, according to the Technology Survey fromCallahan & Associates.