Community First Credit Union (CFCU) and Vocality Community Credit Union (VCCU) are excited to announce their intent to merge, combining the strength of two respected credit unions to optimize operational efficiencies, maximize value for members, be the employer of choice for its employees, and enhance community impact. Pending approval from the National Credit Union Administration (NCUA), the California Department of Financial Protection and Innovation (DFPI), and VCCU’s membership, the combined $965 million cooperative is projected to serve over 70,000 members through a network of 12 branches. The merger, expected to be completed in 2025, has been unanimously approved by the Boards of Directors and leadership teams of both CFCU and VCCU.
Following the anticipated merger approval, CFCU and VCCU will continue to operate independently until the completion of the system integration process. The newly combined organization will operate under the Community First Credit Union charter and name. Scott Johnson, President & CEO of Community First, will continue as the combined credit union’s President & CEO. Pat Neighbors, President & CEO of VCCU, will serve as Chief Strategy Officer of the combined credit union.
“With this merger, we’re bringing together our strengths to build a more robust financial partner for our members and local communities,” said Scott Johnson, CEO of Community First Credit Union. “Our shared vision is to provide an exceptional digital banking experience, greater convenience and the innovative products and services our members expect. This merger is all about investing in our members’ futures, ensuring that we’re positioned to meet their needs today and tomorrow.”
Pat Neighbors, CEO of Vocality Community Credit Union, echoed the excitement, saying, “This collaboration with Community First Credit Union presents an incredible opportunity to expand the financial possibilities for our members. Together, we’re combining decades of expertise and a mutual commitment to delivering the highest standards of service, access, and financial support. We’re thrilled to come together to create something exceptional for our members, employees, and local communities.”
For more information on the proposed merger, visit comfirstcu.com and vocalityccu.org.