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Voyage FCU and Vermillion FCU Announce Proposed Merger

1/13/2023

 
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Pending regulatory approval from NCUA and membership vote, the merger would combine these two successful credit unions into one full-service financial partner. 
Voyage Federal Credit Union is excited to announce a proposed merger with Vermillion Federal Credit Union, pending regulatory approval from the NCUA and a supportive vote from the Vermillion Federal Credit Union membership.
 
The merger would combine Vermillion FCU’s 2,800 members with Voyage FCU’s 17,000 members and will result in an organization with combined assets of over $200 million.
 
Voyage FCU is based in Sioux Falls, SD serving members in Minnehaha and Lincoln Counties. The merger with Vermillion FCU is part of a larger expansion that opens membership opportunities to include 25 total counties in South Dakota, Iowa, Minnesota, and Nebraska.
 
Currently, Voyage FCU serves its members from three branches in Sioux Falls. Vermillion FCU has one branch in Vermillion, SD which would remain open as Voyage FCU. With the merger, Vermillion FCU members will have the ability to utilize their credit union as a full-service financial partner, including multiple expanded services such as business checking, business loans, Money Market accounts and IRA’s.
 
The proposed merger will require regulatory approval from the National Credit Union Administration (NCUA), as well as Vermillion Federal Credit Union members. The anticipated effective date would be the summer of 2023. Until the completion date, both organizations will continue with no change to the exceptional way they serve their membership. 
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  • Advocacy
    • Government Affairs
    • Grassroots Action Center >
      • Advancing Communities
      • Bill Tracking
    • Political Fundraising
    • Regulatory Advocacy
    • Preserving Financial Choice for North Dakotans
  • Compliance
    • Compliance Resources
    • Compliance Solutions >
      • AffirmX
      • CECL
      • ComplySight
      • CU CMS
      • CU PolicyPro
      • InfoSight
      • PayLynxs
      • RecoveryPro
      • Training
    • The Memo: Compliance
  • Member Resources
    • Awards >
      • DakCU Awards
      • CUNA Awards
    • CU Awareness (SWAP)
    • DakCU Foundation >
      • Donor Wall
      • Memorials
    • DakCU Health Benefits Trust
    • Financial Well-Being for All
    • Professional Development >
      • Chapters
      • Emerging Leader Program
      • Sales CU Training
      • Training
    • Strategic Partners >
      • CAP Program Directory
      • Compliance Solutions
      • Pee Wee and Friends®
  • News & Events
    • The Memo
    • Events Calendar
    • Annual Summit >
      • Agenda
      • Sponsors
    • CUNA GAC
    • MonDak
    • New Ideas
    • Sales CU Training
  • About Us
    • Board of Directors
    • Contact Us
    • Our Team