Arlington Community Federal Credit Union announces proposed merger with InFirst Federal Credit Union
ARLINGTON, VA (June 7, 2022) — Arlington Community Federal Credit Union, headquartered in Arlington, Virginia, and InFirst Federal Credit Union, headquartered in Alexandria, Virginia, announced today they are seeking regulatory approval to merge. With this merger, Arlington Community FCU will welcome InFirst’s 16,000 members, resulting in an organization with combined assets of $700 million. As part of the merger process, Arlington Community FCU will determine and announce a name for the combined credit union before merger completion. Karen Rosales, President and CEO of Arlington Community FCU, will continue as the Chief Executive Officer of the merged entity. Martha (Marty) Wye, President and CEO of InFirst FCU, will be retiring by year end.
“We are looking forward to welcoming InFirst’s members and staff. Our organizations have long shared a passion for financial empowerment, member-centric service, and community support,” said Rosales. “If the merger proceeds, our collective members, employees, and communities will benefit from the strength and synergy of our combined workforces, enhanced products and services, economies of scale, and new technologies.”
“We are excited to combine our resources with a credit union that mirrors our long history of helping people achieve their financial goals,” Wye added. “This merger will allow us to maximize efficiencies and enhance products and delivery channels to our members while retaining our entire team, programs and services, and existing locations. We share a deep-rooted philosophy of giving back to the communities we are honored to serve. Our proud legacy of serving retired and active federal workers, as well as first responders, aligns beautifully with Arlington’s longtime partnership with Arlington County employees and public safety departments.”
With this merger, InFirst FCU will adopt Arlington Community FCU’s community charter covering Arlington County, Fairfax County, the City of Alexandria, and the City of Falls Church. At present, Arlington Community FCU has four branches in Arlington, Alexandria, and Falls Church, Virginia, and InFirst FCU has six branches in Virginia (Alexandria, Fredericksburg, King George, Roanoke, and Salem), one in Washington, D.C. (Office of Personnel Management), and one in Marlow Heights, Maryland. All branches will remain in operation following the merger.
Upon completion of the merger, Arlington Community FCU will extend employment offers to all InFirst employees, creating a combined workforce of 140 employees. In addition, two members of InFirst’s Board of Directors will continue to serve as volunteer directors of the combined Arlington Community FCU board.
The proposed merger requires approval by the National Credit Union Administration (NCUA) and must also be approved by InFirst FCU’s members, with an anticipated effective date of early 2023. Until then, both organizations will maintain normal business operations serving their respective members at all existing branch locations.
To learn more, visit ArlingtonCU.org/merger
About Arlington Community Federal Credit Union
For 70 years, Arlington Community FCU (arlingtoncu.org) has been committed to empowering the financial lives of its members. The credit union serves more than 23,000 members who live, work, worship, volunteer, attend school, and do business in Arlington, the City of Alexandria, the City of Falls Church, and Fairfax County. Arlington Community FCU has $431 million in assets and four branch locations in Arlington, Alexandria, and Falls Church, VA.
About InFirst Federal Credit Union
InFirst FCU (infirstfcu.org) has spent the last 87 years dedicated to fulfilling the financial dreams of its members. The credit union serves almost 16,000 members who live, work, worship, or attend school in most of Botetourt, King George, Roanoke, Salem, and Vinton, VA, members of the InFirst Responders Foundation, Inc., many active and retired federal employees, Select Employee Groups (SEGs), as well as any immediate family members of an existing member. InFirst FCU has over $246 million in assets and eight branch locations throughout Virginia, Maryland, and Washington, D.C.