Merger of two Fairfax, Virginia credit unions will create $5 billion-asset institution

by Tyfone Inc.

The combined credit union will have more than 260,000 members and 25 branches throughout Northern Virginia, the institutions said in a press release Wednesday.

Apple Federal Credit Union’s President and CEO Andy Grimm will continue in those roles, and NextMark’s President and CEO Joe Thomas will serve in a strategic advisory role as executive president.

The credit union will do business as Apple FCU.

The companies said the partnership is rooted in shared values and a strong commitment to member service.

 

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