Press

ABNB and Guardian Federal Credit Unions to partner

CHESAPEAKE, VA (August 05, 2014) — ABNB Federal Credit Union and Guardian Federal Credit Union are pleased to announce they will be merging as of November 1, 2014. At a Special Meeting conducted by Guardian Chairman Richard Losea on July 23, Guardian member-owners voted in favor of the merger by an overwhelming margin.

Together, these two well-established credit unions will be able to further strengthen their presence in the community. “What a great opportunity to be able to continue to serve our members with such a wonderful organization, such as ABNB.” said Chris Anuswith, CEO of Guardian Federal Credit Union. “Our members will have even more access to competitive rates, more branch and ATM locations, with the same local, friendly faces that our members are used to seeing.”

With the merger, all Guardian branch locations and employees will become a part of ABNB, offering greater convenience to its members. ABNB will move forward with 17 branches and 27 ATM’s throughout South Hampton Roads, Moyock, and Elizabeth City.

ABNB is currently the fifth largest locally established credit union, with assets over $430 million and over 47,000 members. Guardian will join ABNB with over $41 million in assets and over 6,600 members. “We are thrilled that Guardian members will be a part of our ABNB family. This partnership will give more individuals in Hampton Roads, even more options to branch locations and great products and services that ABNB has to offer.” said Carl Ratcliff, CEO of ABNB Federal Credit Union. “We have benefited from a excellent relationship with Guardian for a long time, and it just makes sense that this partnership will finally happen. ABNB welcomes the staff and the members of Guardian to the ABNB family!”

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