Los Angeles skyline. (Source: Shutterstock)
Gain Federal Credit Union of Burbank, Calif., will acquire a small, troubled credit union in Los Angeles' Pacoima neighborhood late this month.
Gain FCU ($341 million in assets, 19,511 members) announced Friday that it will be acquiring Pacoima Development Federal Credit Union ($3 million in assets, 1,207 members) on July 29. Gain said NCUA had approved the merger, following board votes approving the plan in June.
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