Martinsville, Virginia (January 2018) – ValleyStar Credit Union and Waynesboro Employees Credit Union announced their intent to merge the two Virginia-based credit unions, subject to regulatory approvals. The merger of these two organizations will provide a wider array of products and services to the members of Waynesboro Employees, along with an expanded branch and ATM network.
Once combined under the ValleyStar name, the Credit Union will have more than $320 million in assets and 40,000 members across Virginia and North Carolina.
“We are excited to bring the members of Waynesboro Employees Credit Union into the ValleyStar family,” remarked Delbert Lee Morgan, President/CEO of ValleyStar Credit Union. “By combining our two organizations, the resulting Credit Union will be stronger and better able to serve all members with our diverse offering of convenient and beneficial products and services. We are looking forward to this partnership and all that it offers the members.”
The member data conversion is anticipated to be complete by June 2018.