Virginia Beach Schools Federal Credit Union and Langley Federal Credit Union have announced their merger has received regulatory approval as well as approval by majority vote of the VBSFCU membership. The legal merger date for the two organizations is planned for November 1, 2021. At the time of the legal merger date VBSFCU and Langley will begin to operate as one legal entity. From a member perspective, it will be “business as usual” for VBSFCU members. Both organizations will continue to serve their members at their individual branch locations as they ramp up efforts to have VBSFCU systems fully integrated with Langley by April 1, 2022.
The merger between these credit unions will bring greater value, and provide more access to their combined members, employees, and the communities they serve. VBSFCU and Langley share similar values, a member-first philosophy, believe passionately in helping members save, borrow, and spend wisely, and are committed to making a difference in the communities they serve.
Tom Ryan, CEO of Langley will be the CEO of the combined organization. Brian Clark, CEO of VBSFCU will hold a leadership role in the combined organization.
Tom Ryan, shared, “At every turn during this partnernship, we’ve continued to see similarities in our philosophies and our Vision. Both of our organizations are passionate about serving members.” Ryan goes onto say, “Langley Federal is honored that Virginia Beach Schools Federal Credit Union’s board of directors and leadership team put their trust in us and chose us as a merger partner. Together, we’re going to continue to do great things.”
Brian Clark, added, “I want to thank our VBSFCU board members, members, and team members alike for their active participation in the voting process and for their commitment and loyalty to help ensure our ongoing growth and success.”
As the merger process continues, both credit unions will provide ongoing merger information via their websites (www.vbsfcu.org and www.langleyfcu.org) and other applicable communication channels.