Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Carilion FCU completes merger with Freedom First
ROANOKE, Va. (3/5/12)--A merger between $8 million asset Carilion FCU and Freedom First FCU, both of Roanoke, Va., is complete.

Carilion FCU accounts were transferred to Freedom First CU on Thursday.

Freedom First now has assets of more than $250 million.

Based upon Freedom First's financial strength, commitment to service, product line, and expanded branch and ATM locations, the board of Carilion FCU unanimously voted to adopt a resolution to merge with Freedom First, the credit unions announced in a press release.

On Dec. 1, the membership of Carilion FCU approved a plan to merge with Freedom First by an overwhelming majority--94% of those voting approved the merger.

Regulatory approval was also obtained from the National Credit Union Administration.

Carilion FCU was founded in 1970 to serve the Carilion Clinic community. The former Carilion FCU branch location in Roanoke will remain open as a branch of Freedom First.


RSS print
News Now LiveWire
.@usgao wary of privacy controls for @CFPB's collection of consumer data. See #NewsNow http://t.co/BXyreqDJYE
44 minutes ago
#Iowa Housing Authority honors #creditunion's mortgage commitment #NewsNow http://t.co/97me6ziPFa
15 hours ago
Adams to Zimmerman: Don't let your name define your financial decisions via @ndn http://t.co/kPVgQaDFNo
18 hours ago
Calif. ride-sharing law protects #creditunion collateral #NewsNow #System http://t.co/kXAAmbQgKO
19 hours ago
New offices mean moving sale at @TheKCUA https://t.co/xaof5SJkmE
20 hours ago