PenAir Credit Union (PenAir) and Star City Federal Credit Union are pleased to announce that regulatory approval has been granted for their merger, which will officially take effect on May 1, 2025. This union brings together two member-focused credit unions to provide expanded financial services, enhanced digital banking, and a more substantial community impact for members in Southwest Virginia.
Star City Federal Credit Union members will become part of PenAir Credit Union, gaining access to a broader suite of financial products and services, enhanced rates, expanded access, and PenAir’s commitment to “Enhancing Lives” through exceptional service and financial wellness initiatives.
“We are excited to officially welcome Star City members into the PenAir family,” said Delbert Lee Morgan, President and CEO of PenAir Credit Union. “Our goal is to make a real difference in Virginia by uniting our shared values and commitment to serving and uplifting our communities.”
Star City Federal Credit Union has proudly served employees of Elbit Systems of America for decades, providing trusted financial solutions to its members. Joining PenAir opens new opportunities for members. “This merger allows us to offer enhanced financial solutions while maintaining the personalized service our members have always valued,” said Michael Browning, Chairman of Star City Federal Credit Union. “Together with PenAir, we are building a stronger credit union that prioritizes our members’ needs and the communities we serve.”
The transition will be seamless for members, with all Star City Federal Credit Union accounts automatically transferring to PenAir Credit Union. Members will receive direct communications regarding any updates to their accounts, online banking access, and additional benefits.