VIRGINIA BEACH, Va.–Chartway FCU said it has completed a merger with the former PortAlliance FCU.
The approximately 11,000 members of PortAlliance FCU, which had $90.6 million in assets at the time of its merger, voted in favor of the combination.
“As a member-focused financial institution, we’re dedicated to making life more affordable for our members,” said Brian Schools, president & CEO of Chartway Federal Credit Union. “That’s why – with the merger now complete - we’re excited to welcome our newest members and focus on being able to offer them expanded products and services, competitive rates, a larger branch network, and greater account access through our 24/7 Member Solutions Center and our online, mobile, and telephone banking services.”
The full systems integration will take place in May 2019, and members can expect a smooth and seamless transition with no disruption in service throughout the transition process, the credit union said.
Chartway FCU has approximately $2.2-billion in assets