ROANOKE, Va. – Member One Federal Credit Union and Virginia Credit Union have announced their merger has been approved and will be effective on Aug. 1.
The merger will create a $7 billion organization with 1,100 staff members and nearly 500,000 clients.
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“’Better together.’ That’s been our theme and vision as we’ve worked together the last several months in pursuing approval for our merger. Now, we’re excited to move forward together, with our combined resources and talent empowering us to fulfill our mission to serve members, deliver best-in-class products and services, and support the communities we call home.”
Virginia Credit Union President/CEO Chris Shockley
Member One will operate as a division of Virginia Credit Union, so legacy clients of Member One will bank as normal and not experience major changes. No employees will lose their job, and no branches will be closed as a result of this merger.
Information for clients will be posted on the Member One and Virginia Credit Union’s respective websites.