LSCU, VACUL members approve consolidation, integration starts Jan. 1

Members of the League of Southeastern Credit Unions & Affiliates (LSCU & Affiliates) and the Virginia Credit Union League (VACUL) voted last week in favor of consolidation, which will amplify the reach and impact of credit unions across Alabama, Florida, Georgia, and Virginia. The combined organization will represent 386 credit unions and 31.5 million members.

On Jan. 1, 2025, both associations, foundations, and service corporations will be formally integrated, with LSCU President Samantha Beeler leading the new association. Steve Willis, president of Affiliates Consolidated Services and LEVERAGE, will oversee the combined service corporation.

“We are elated to bring together the best of both legacy organizations to provide greater value for our members and the communities they serve,” Beeler said. “Together, we will be a powerful voice and resource in supporting and growing credit unions across our expanded region.”

"As a combined entity, the League will be in a stronger position than ever before to empower credit unions and their communities with the resources needed to succeed and thrive in today’s marketplace,” said Richard J. “Rick” Skaggs, chairman of the LSCU & Affiliates Board and president/CEO of USF Federal Credit Union. “This is the beginning of a very fruitful future, with a shared vision for greater industry influence and lasting benefits for members.”

“Thanks to the support of the membership, we are embracing a powerful opportunity to strengthen credit union engagement and our collective advocacy impact,” shared Jeff Bentley, chair of the VACUL Board and president and CEO of Northwest Federal Credit Union. “We are now positioned to provide more customized services, innovative solutions, and a stronger voice for our members.”

More resources and information on the consolidation can be found here.

heelo