Arlington Community Federal Credit Union announces merger with Queen of Peace Arlington Federal Credit Union
ARLINGTON, VA (October 23, 2018) — Arlington Community Federal Credit Union (ACFCU) announced today the merger of ACFCU with the Queen of Peace Arlington Federal Credit Union (QPAFCU). The combined asset size is $325 million, with nearly 22,500 members.
This merger will provide former QPAFCU members with expanded access to a full-service financial institution, including three full-service branches in the local community, mobile and online banking products, and credit cards.
“The Board of Directors and staff at ACFCU are extremely honored to welcome QPAFCU to our community of members,” remarked Karen L. Rosales, President & CEO of ACFCU. “This merger is a natural fit based on our shared values and dedication to the Arlington Community. We look forward to providing remarkable service and partnering with each new member on their financial journey.”
QPAFCU’s Chairman of the Board, C.C. Jenkins, stated “We are grateful to ACFCU for welcoming the QPAFCU membership and honoring the history of our credit union through their ongoing commitment to financial empowerment and community impact.”
The process to merge the two credit unions began after the National Credit Union Administration (NCUA) approved a proposal from QPAFCU to join ACFCU, and became effective October 1, 2018. QPAFCU was founded in 1964 and had one limited-services branch located on the Queen of Peace church campus. ACFCU will continue to operate this branch with limited hours for the convenience of former QPAFCU members.
Arlington Community FCU (ArlingtonCU.org), for over 65 years, has remained committed to its core purpose of empowering members’ lives. With over $325 million in assets, the Credit Union serves nearly 22,500 members who live, serve, learn, and lead LOCAL in the Arlington Community.