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Downtown San Francisco area. San Francisco. (Source: Shutterstock)

A small San Francisco Bay area credit union told members Thursday that its board will be seeking their vote on their proposal to be acquired by University Credit Union of Los Angeles.

If approved, Chabot Federal Credit Union of Dublin, Calif. ($73.9 million in assets, 1,653 members) said it expects it will become part of University Credit Union of Los Angeles ($920.1 million in assets, 44,131 members) by year’s end. It would bring University CU’s assets close to the $1 billion mark as it turns 70 years old this year.

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Jim DuPlessis

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