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Valley Strong CU President/CEO Nick Ambrosini (left) and Financial Center CU President/CEO Michael Duffy. Valley Strong CU President/CEO Nick Ambrosini (left) and Financial Center CU President/CEO Michael Duffy.

The $643 million Financial Center Credit Union in Stockton, Calif., will merge with the $2.4 billion Valley Strong Credit Union in Bakersfield on Oct. 1.

With nearly 11% of Financial Center’s 29,707 members casting a ballot, 86% voted in favor of the merger, according to a joint statement released Monday by Financial Center and Valley Strong. The joint statement indicated the consolidation also received regulatory approval.

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Peter Strozniak

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