The month of March brings some exciting things for the MVCU community. Just as the spring season marks new growth in the environment around us, we will celebrate important milestones as our proposed merger with RTN Federal Credit Union comes closer to fruition. All of the recent talk about merging makes me reflect on the rich history of mergers that has helped MVCU become the strong, community financial institution that it is today.
As you can see in the graphic below, our family tree of credit unions dates back to 1921—over 100 years ago! The partnerships established and the trust built among many credit unions over the past century have helped form the credit union we know and love today. It is collaboration, rather than competition, among credit unions that makes me truly excited to be a leader in this industry.
It’s no secret that mergers are important in helping MVCU remain a competitive, financially sound institution. But when I reflect on our most recent merger—with Ocean Spray Credit Union in 2020—I think about the incredible teammates that joined our team and the new services we can now offer our members because of this partnership.
For example, Annette Yee, the former CEO of Ocean Spray Credit Union, became MVCU’s vice president of project development and CRA officer upon merging with MVCU. She has thrived in her role and become an integral part of our credit union’s internal and community engagement team. She assumed her role with ease and fit right in, embracing MVCU’s philosophy and working diligently to serve our members. We would not have Annette if it weren’t for our merger and I’m so grateful to have her as my teammate.
With our proposed merger with RTN Federal Credit Union, I am looking forward to welcoming over 100 new teammates who will bring incredible skills to our credit union and become valued team members. Additionally, I am thrilled that we’ll be offering new services to our members, including a 24 / 7 call center and shared branching, so that you can bank with us no matter where you are throughout the country.
When it comes to mergers, I firmly believe that there is no “them” or “us,” it is always “we.” We are OneTeam, working together to provide our members with financial solutions that solve problems. In this way, we are one community that uplifts each other every day. I am so excited for what the future brings our MVCU family.
If you’re interested in learning more about the proposed merger, we still have three more virtual and in-person town hall meetings where you can speak with me directly and ask any questions that you like. Please visit mvcu.com/merger for more details.
As always, thank you to our members and my teammates for choosing to be a part of this credit union family. We would not be where we are today without all of you. As we head into spring, I cannot wait to see how much we all will grow!