Oak Bank Credit Union + Sunova Credit Union Merger Announcement

January 30, 2018

We are happy to share some exciting news! After considerable discussion and deliberation, the Oak Bank Credit Union Board of Directors will ask their membership in April to support a merger with our organization.

We, along with our friends at Oak Bank Credit Union, are confident that members will benefit at many levels including an increase in the number of branch locations and, subsequently, the branch network and increase in accounts will broaden the number of career opportunities for staff in both organizations. While there are some differences between our credit unions, our ultimate goal is the same – to create memorable, meaningful, and lasting connections with our members, our communities, and with each other. With that in mind and considering the dedicated and loyal staff both organizations employ, we know this is a great fit.

While we are just starting to take the first few steps of our merger journey, we will move quickly from this point forward as we work to address all staff and member questions, and prepare for the deciding member votes in April 2018. We will share additional information regarding our timeline and the amalgamation over the upcoming weeks and months.

We are excited to partner with Oak Bank Credit Union and look forward to what the future will bring.