What’s Being Cooked Up In Virginia? A Merger

RICHMOND, Va.–Workers at one company here will be dipping their Oreos at a new credit union.

Members of the $5.4-million Nabisco Employees CU have voted in favor of merging into the $227-million Henrico Credit Union.  A representative of HCU told local media that the Nabisco Employees CU was profitable, but simply couldn’t deal with costs related to compliance and other demands.

The 984 members of NECU will now join the 28,000 members of Henrico CU.

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