NCUA Pushes Limits On FOM

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ALEXANDRIA, Va. - (07/30/04) -- NCUA said it has approved anapplication from LA Financial FCU to expand its field of membershipto cover all of Los Angeles County. The FOM, which encompassesalmost 11 million people, is by far the largest ever granted afederal credit union, as measured by population. At least fivestate charters in California have larger FOMs, as measured bypopulation. LA Financial has $300 million in assets and serves45,000 members.

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