Faced with the mounting challenges of remaining competitive, members of the financially struggling $7.2 million Southwestern Telco Federal Credit Union of Roanoke, Va., voted earlier this week to merge into the $116 million Blue Eagle Credit Union also of Roanoke.
The merger is scheduled to be completed Sept. 3.
"This was the toughest decision our board has made, but we felt that it was the right decision for our members," said Becky Crosswhite, SW Telco FCU board president. "We love our members and want to see them prosper. We want them to have the very best financial tools available, and we found it increasingly challenging to provide competitive services in today's highly competitive financial market."
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