American Companions FCU enters Virginia through previous Constancy Financial institution department


American Companions Federal Credit score Union in Reidsville, N.C., has expanded its department community, opening up its first Virginia location in a former Constancy Financial institution constructing.

The department was already vacant when the $67 million-asset credit score union purchased it final summer season and no buyer accounts have been included within the transaction. Phrases of the deal weren’t disclosed.

Rocky Mount, Va., is positioned about 60 miles north of the credit score union’s North Carolina headquarters.

“For our members that work exterior the county however reside in or close to Rocky Mount, this can give them the pliability to financial institution wherever they go” APFCU CEO Brian Bone stated in a press launch Friday.

The enlargement didn’t embody any adjustments to the credit score union’s chartering or discipline of membership. Customers who reside, work or worship in choose parts of northern North Carolina and Southern Virginia are eligible to hitch, together with employees employed by dozens of choose employer teams within the area.

American Companions earned greater than $405,000 final yr, a 44% over its 2019 displaying, due to diminished bills and better mortgage revenues.