BILLINGS, Mont.–Credit unions in Montana and Virginia have announced separate mergers.
In the Big Sky state, the $148-million Billings FCU said it merging in the $8.5-million Big Sky FCU, also based in Billings. The combined credit union will serve approximately 10,000 members.
Tom Boos, president and CEO of Billings FCU, will lead the merged institution.
According to the credit unions, the merger is expected to be completed by Feb. 1, 2019 and will provide members with access to four branches.
Billings FCU was established in 1935 and provides financial services to anyone who lives, works, worships or attends school in Yellowstone, Big Horn and Carbon counties.
Separately, Newport News, Va.-based Langley FCU said it will absorb via merger Norfolk-based Old Dominion University Credit Union. Two branches of ODUCU will now convert to Langley FCU branches.
The $30-million Old Dominion had approximately 3,000 members at the time of the merger, and served the university and its alumni.
The $2.7-billion Langley FCU had approximately 250,000 members prior to the merger.