Members of the financially troubled Safeway Los Angeles Federal Credit Union in Norwalk, Calif., decided this week to merge with the $746 million Xceed Financial Credit Union in El Segundo, Calif.

Of the 600 Safeway members who voted Tuesday, nearly 80% voted to approve the merger, which will go into effect Dec. 31 when Safeway LAFCU’s branch in Norwalk will become an Xceed Financial Center, Xceed Financial said.

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Credit Union Times

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