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Chartway FCU Eyes Midwest Merger Set for NCUA OK

Virginia-based Chartway Federal Credit Union is slated to complete by month's end an NCUA sanctioned merger of an undisclosed $400 million Midwest credit union, its president/CEO Ron Burniske said Monday.

By Jim Rubenstein | Updated on December 06, 2009

Virginia-based Chartway Federal Credit Union is slated to complete by month’s end an NCUA sanctioned merger of an undisclosed $400 million Midwest credit union, its president/CEO Ron Burniske said Monday.

“I am not at liberty to identify the credit union but we have already signed a management agreement in which we are already running the credit union and expect final NCUA approval to a merger at the end of December,” said Burniske, head of the $1.3 billion Chartway, located in Hampton Roads/Virginia Beach.

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