merger consolidation Source: Shutterstock.

Members of the $944 million Xceed Financial Credit Union in El Segundo, Calif., approved merging with the $5.2 billion Kinecta Federal Credit Union in Manhattan Beach, Calif.

Of the 1,859 ballots cast, 1,536 members voted for the consolidation and 323 voted against it, according to the final vote tally released by Xceed Financial Monday afternoon. The required special meeting for members was held virtually on Feb. 26. Xceed Financial serves 47,950 members.

Peter Strozniak

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