CLARKSVILLE, Tenn.–The $915-million Fortera Credit Union here and $53-million Vanderbilt CU, based in Nashville, have announced plans to merge, Clarksville Now reported.
The combined entity will serve more than 90,000 members worldwide. The merger is expected to be finalized in the third quarter of 2026, following customary member and regulatory approvals.
“This merger is about growing with purpose. It means better digital tools, more competitive rates and products built around the unique needs of the Vanderbilt community. Members will see more access points, longer hours, and an expanded focus on financial education. Partnering with Fortera helps us move faster while keeping the local service that our members count on,” said Mike McDonald, president and CEO of Vanderbilt Credit Union.
Vanderbilt Credit Union has long partnered with Fortera to provide mortgage services to its members, Clarksville Now noted.
“At Vanderbilt Credit Union, our purpose has always been to serve the people who make Vanderbilt great. This partnership with Fortera allows us to do that on a larger scale by combining trusted relationships with new technology and resources to deliver even greater value for our members,” said Mario Avila, board chair, Vanderbilt Credit Union.
Vanderbilt Credit Union will retain its name and brand identity, pending approval.
“This merger is the thoughtful alignment of two credit unions who share a commitment to people, purpose, and progress. Together, we’re honoring the legacy that defines Vanderbilt and its credit union community while smartly growing for the future,” said Jennifer Ventimiglia, president and CEO of Fortera Credit Union.