GLEN ALLEN, Va.–For the second time in less than a month, members of a credit union have voted against a proposed merger.
By an overwhelming majority, those members of the $78-million Partners Financial Credit Union who cast votes during a special membership meeting nixed a plan to merge with the $74-million People’s Advantage FCU in Petersburg, Va.
“Many thanks to each member who has supported Partners Financial FCU, our growth, and the credit union movement for over 60 years. With the involvement, feedback and support of our members, leadership and community, PFFCU remains financially strong, well-positioned, and poised for even greater things in the future,” Partners Financial CU said in a statement on its website.
Partners Financial has approximately 8,500 members.
Earlier this month, as CUToday.info reported here, members of the $57-million N.W. Iowa Credit Union rejected a merger with Siouxland FCU.