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Chartway FCU Looking for More Merger Partners

With its NCUA Utah merger deal under its belt, the $1.5 billion Chartway Federal Credit Union of Virginia is still bent on scouting out more struggling CUs in the West and Midwest for possible acquisition.

By Jim Rubenstein | Updated on January 03, 2010

With its NCUA Utah merger deal under its belt, the $1.5 billion Chartway Federal Credit Union of Virginia is still bent on scouting out more struggling CUs in the West and Midwest for possible acquisition “and may have another to announce some time soon,” said Ronald Burniske, the president/CEO.

“We did have another credit union in a Southwest state undergoing financial troubles and showing an interest but they’ve told us they think they can go it alone,” said Burniske, who has been candid about his CU ambitions for national field of membership growth.

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