RICHMOND, Va.–The $75-million Entrust Financial Credit Union here said it will not move forward with a planned merger with California-based Christian Community Credit Union.
The two organizations reported they have been discussing a combination for the past 18 months, but were unable to reach an agreement.
“Entrust is positioned to continue the work we have been given to do for our members and the community,” said Lisa Lambrecht, president and CEO of Entrust Financial Credit Union in a statement. “We remain steadfast to the higher purpose of all those that we meet by supporting their life’s calling and providing the financial solutions they need to help them fulfill it.”