August 31, 2021
On behalf of the Board of Virginia Beach Schools Federal Credit Union, the Merging Credit Union, I am pleased to share exciting news. We have received regulatory approval to pursue a merger with Langley Federal Credit Union, the Continuing Credit Union. Please see the enclosed Notice of Special Meeting of the Members of Virginia Beach Schools Federal Credit Union for important information about the merger such as the benefits you can expect to receive as a result of the merger and voting instructions.
Unlike bank mergers that are designed to make money for stockholders, this merger is for you, our member. As discussed in the enclosed Notice of Special Meeting, this merger will result in a wider variety of competitive services, products, and conveniences. Beyond these immediate benefits, this merger will combine two established organizations that share similar values and commitment to their members, people, and culture. These two credit unions share a core purpose of advancing and promoting the interests of our member owners to empower people to achieve their financial goals. With the combined vision, people, and capabilities of these two organizations, members, communities, and employees will receive lasting benefits.
Virginia Beach Schools Federal Credit Union’s Board of Directors and management support this merger. However, the final decision is up to you. Your vote to approve this merger is very important. The merger must have the approval of a majority of the members of the credit union voting on the proposal. There will be a special meeting to consider the merger proposal on October 19, 2021 at 5:45 PM at the Westin Virginia Beach Town Center, Monarch I & II, 4535 Commerce Street, Virginia Beach, VA 23462. You may bring your completed ballot to the special meeting. If you cannot attend the meeting to personally deliver your ballot, you can vote online at https://vbsfcu.cuballot.com or complete the ballot and return it in the enclosed, postage-paid envelope so that it is received by the third-party auditing firm CUBallot – Election Processing, E Space Communications, Inc., P.O. Box 3156, Dublin, OH 43016-9842 no later than October 19, 2021 at 5:45 PM.
To be counted, your ballot must reach us by the date and time announced for the meeting.
If you wish to submit comments about the merger to share with other members, you may submit them to the National Credit Union Administration (NCUA) at
ncua.gov/services/Pages/resources-expansion/comments-proposed-merger.aspx or mail to
NCUA – Office of Credit Union Resources and Expansion
1775 Duke Street
Alexandria, VA 22314
RE: Member-to-Member Communication For Virginia Beach Schools Federal Credit Union
The NCUA will post comments received from members on its website, along with the member's name, subject to the limitations and requirements of its regulations.
We greatly appreciate your membership and thank you for your support.
Dr. Catherine S. Rogers, Board Chair