Tuesday, March 28, 2023

Two Local Credit Unions Announce Plans to Merge

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Two Hampton Roads credit unions announced plans for a merger on July 1.

Langley Federal Credit Union will soon merge with the Virginia Beach Schools Federal credit union (VBSFCU).

The Board of Directors and Leadership team of VBSFCU feel that the merger will better serve its members. VBSFCU was first formed in 1960 at Princess Anne High School to meet the financial needs of its teachers.

“As the financial services landscape continues to evolve, merging with Langley allows VBSFCU to enhance what they can offer members, such as access to more branch locations, and the ability to offer more product and services at competitive rates,” Langley announced in a press release. “This is an exciting opportunity. VBSFCU shares Langley’s values and commitment to their employees, members, and community, making them a great organization to combine efforts with.”

VBSFCU currently serves all of Virginia Beach City Public Schools as well as Accomack and Northampton County Schools, Virginia Wesleyan University, the Virginia Beach Adult Learning Center, St. John the Apostle Catholic School, and the Art Institute of Virginia Beach.

Meanwhile, Langley Federal Credit Union, which has been around since the 1930s, has 19 branches in Hampton Roads.

Members of VBSFCU will be kept apprised of the merger, which is expected to be finalized in the fall of 2021.

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