(YORKTOWN, VA) – Riverside Health System Employees Credit Union (RHSECU) members voted overwhelmingly in favor of the merger with 1st Advantage Federal Credit Union. This was the final step in the approval process. Supported by both credit unions’ Boards of Directors and management, and approved by the National Credit Union Association (NCUA), the merger will take effect on March 31, 2021, after which the continuing credit union will operate as 1st Advantage Federal Credit Union.
RHSECU members will be kept informed as core systems integration activities progress in the coming weeks.
Paul Muse, President and CEO of 1st Advantage said, “We are very excited by the support from the RHSECU members. We look forward to offering enhanced full-service banking products to RHSECU members and serving their financial needs for many years to come.”
RHSECU has one location in Riverside Regional Medical Center and it will remain open. The combined credit union will serve more than 68,000 members.
About 1st Advantage Federal Credit Union
1st Advantage Federal Credit Union, a not-for-profit financial institution, is headquartered in Yorktown, Virginia. Established in 1951 as Ft. Eustis Federal Credit Union,
1st Advantage Federal Credit Union has assets of over $800 million and serves over 62,000 members. As a community credit union, membership is open to anyone who lives, works, worships, or attends school in Hampton Roads and parts of Richmond and North Carolina, and to any immediate family members of current 1st Advantage members. For more information please visit 1stAdvantage.org.