Two Virginia credit unions, Beacon Credit Union and Big Island 1013 Federal Credit Union, merged last week.
The $14 million Big Island 1013 merged into the $41 million Beacon Credit Union. The merger gives Beacon two additional branches and adds 2,000 members to the credit unions 15,000 membership. Beacon will now have more than 25 local ATM locations.
"This merger is an exciting one for Beacon, its current members and the community. With even greater stability and lending power, Beacon Credit Union offers a secure option in a time when bank lending is unpredictable," the credit union said in a press release.
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