June 13, 2024

Dear Valued Member,
On behalf of the board of directors of Member One Federal Credit Union (Member One), I am pleased to share exciting news. We have received regulatory approval to pursue a merger with Virginia Credit Union, which will be federally chartered as Virginia Federal Credit Union effective July 1, 2024 (Virginia Credit Union).

Member One’s board of directors and leadership team support this merger. However, the final decision is up to you. You are being asked to vote on a proposal for a merger with Virginia Credit Union, a credit union with branches throughout the Commonwealth of Virginia.

Unlike bank mergers that are designed to make money for stockholders, this merger represents a partnership between two local credit unions that are committed to members and the communities they serve. Additionally, the combined organization would be better positioned to expand its product, service, branch network, and technology offerings in a financial services sector that is constantly evolving.

Your vote is very important, and a merger between Member One and Virginia Credit Union must have the approval of a majority of members of the credit union voting on the proposal. Along with this letter, you will find a Notice of Special Meeting, and a ballot, which include instructions to vote. Should you require additional information, please direct questions to our attention at mergerinfo@memberonefcu.com.

We recommend that you vote to “APPROVE” the proposed merger with Virginia Credit Union. To be counted, your ballot must reach us by the date and time announced for the meeting and noted on the enclosed ballot.

We greatly appreciate your membership and thank you for your support.


Board Chair
Member One Federal Credit Union

Click here to view the election packet.