ALEXANDRIA, Va. — In closed session Oct. 25, NCUA declined to approve a merger proposal between VolCorp and WesCorp.
While WesCorp President/CEO Bob Siravo said though they were disappointed, the two would "regroup and refashion our strategy."
"While this merger process, ultimately intended to enrich VolCorp credit unions with improved rates and expanded product choices, maybe without a doubt, painstakingly tedious to complete, it demonstrates the unwavering commitment of the board, officers and staff at both VolCorp and WesCorp to respond to member requests seeking the enhanced level of services they rightly deserve," he said.
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