Sources today told Credit Union Times that the NCUABoard – meetingin Alexandria, Va. – is expected to consider and approve themerger of Nashville, Tenn.-based Volunteer Corporate CreditUnion (VolCorp) with Parkersburg, W.Va.-based West VirginiaCorporate Federal Credit Union.
|Their merger plans were initially reported in May 2011.
|Along the way, the proposed merger won “overwhelming” approval by VolCorp members, as well as approval by theTennessee Department of Financial Institutions.
|Sources indicated that combined assets after the merger (ifapproved) will be approximately $1.4 billion with 335members.
|Following NCUA approval (if issued) the next step would be aWest Virginia Corporate FCU member vote scheduled for Monday.
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