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VACU closes merger with Charlottesville credit union

One of Richmond’s biggest financial institutions has closed out the year by taking a small Charlottesville credit union under its wing.

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VACU absorbing tiny credit union in Charlottesville

The merger is another example of a long-running trend of older, smaller credit unions looking to be merged into larger peers.

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Virginia Credit Union absorbing tiny credit union in Charlottesville

For the second time in less than a decade, Richmond’s biggest credit union is looking to take a small Charlottesville credit union under its wing.

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