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Financial regulators and members approved the merger between Langley Federal Credit Union and Virginia Beach Schools Federal this week, and it will result in a combined organization with more than $4.1 billion in assets and more than 310,000 members.

According to a statement released on Thursday, the legal merger date is scheduled in less than two weeks for Nov. 1. After that date, the two organizations will operate as one legal entity, but from the VBSFCU’s member perspective, it will be “business as usual.” Both credit unions will continue serving members at the individual branch locations and VBSFCU’s systems will be fully integrated with Langley FCU by April 1, 2022.

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Michael Ogden

Editor-in-Chief for CU Times. To connect, email at [email protected].

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