Industries Banking/Finance

Hampton Roads credit unions merge

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Newport News-based Langley Federal Credit Union and Norfolk-based Old Dominion University Credit Union announced on Tuesday they had merged.

The Old Dominion University Credit Union branches at 2701 Hampton Blvd. in Norfolk and in Webb Center on the Old Dominion University campus in Norfolk will now operate as Langley Federal Credit Unions.

Old Dominion University Credit Union opened in 1958 and now has assets totaling $29.7 million, according to a news release. It has 3,000 members, including ODU employees, students and alumni along with their families, the release said.

Old Dominion University Credit Union reviewed several larger local credit unions before selecting Langley Federal for the merger, the release said.

Tom Ryan is the president and CEO of Langley Federal, which was founded in 1936. Langley Federal has more than 250,000 members and has more than $2.7 billion in assets, according to the release. Langley Federal says it has 20 branches and more than 55,000 surcharge-free ATMs.

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