Financial Partners Credit Union of Downey has acquired Star Harbor Federal Credit Union of Rancho Dominguez. Financial Partners, which ranked No. 11 on last year’s Business Journal credit union list, had assets of $1.3 billion and 75,000 members just prior to the merger. Star Harbor had $14 million in assets and 3,000 members; it was too small to make the list. Star Harbor had pursued the merger so its members could receive expanded services and benefits, according to the firms’ announcement last week. Star Harbor was founded in 1956 with five employees and only had a location in Rancho Dominguez. Financial Partners, founded in 1937, has 10 branch locations and 243 employees.

– Howard Fine