MARTINSVILLE, Va.–Two credit unions here said they plan to merge.
The $315-million ValleyStar Credit Union said it plans to merge with the $$65-million Piedmont Credit Union in Danville, N.C. The combined credit union will serve approximately 40,000 members across Virginia and North Carolina.
“Bringing Piedmont into the ValleyStar family is a natural fit,” said Delbert Lee Morgan, president/CEO of ValleyStar Credit Union, in a released statement. “We have been serving the Danville community for years and this will allow us to serve them more effectively.”
The merger is expected to be completed by June of 2018.