WAYNESBORO, Va. — Two Virginia credit unions announced Wednesday that their merger was official.
Walker-Virginia FCU, a $1.7 million institution based in Harrisonburg, completed its merger into $980 million DuPont Community CU here.
The merger had already been approved by federal and state credit union regulators. In March, the members of WVFCU voted to approve the deal.
The transaction follows a number of safety and security concerns at the Walker-Tenneco plant in Harrisonburg, which had housed WVFCU's sole branch. Those issues forced WVFCU to relocate its office to another site.
"After learning that we needed to move our credit union operations, WVFCU board of directors determined that it would not be in the best interest of the credit union to take on the relocation expense," said Jimmy Garber, WVFCU manager, in a statement. "We found DuPont Community Credit Union to be the best fit for our members. They have a strong commitment to their members and the community, while offering a wide variety of products and services that will meet the needs of our members today and in the years to come."
Gerald B. Hershey, DuPont's president and CEO welcomed WVFCU members.
"We look forward to providing our new members with the service they have come to expect," Hershey said.
Opened in 1965, WVFCU has 439 members.