The membership of Member One Federal Credit Union has approved a merger with Virginia Federal Credit Union. The merger between the Roanoke-based Member One and Richmond-based Virginia Credit Union took effect on Aug. 1, with the combined $7 billion organization employing 1,100 staff and serving almost 500,000 members through first-class digital banking services and 37 branch locations.
“‘Better together.’ That’s been our theme and vision as we’ve worked together the last several months in pursuing approval for our merger,” said Virginia Credit Union President/CEO Chris Shockley, who will remain President/CEO of the combined organization.
As it works toward full integration of its systems and service platforms, Member One will operate as a division of Virginia Credit Union, meaning legacy MO members will continue to bank as they normally do, accessing services and loan opportunities through existing digital platforms, ATM networks and branch locations.
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