The $757 million Altura Credit Union in Riverside, Calif., and the $335 million Visterra Credit Union in Moreno Valley, Calif.,  said Thursday they are planning a July 1, 2015 merger.

If approved by state and federal regulators, the merger will create the 37th billion-dollar cooperative in the Golden State.

Visterra will consolidate with Altura, according to a joint statement.

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