Trailblazer: VolCorp CFO Jeff Merry Comes Full Circle
There's not a lot of financial trailblazing going on in corporate credit unions these days.
Unless you count finding a way to thrive and grow in today's low-rate environment under strict new NCUA rules, all the while defying experts who proclaimed the death of the corporate business model a few years ago.
Merry also developed an analytical tool called Liquidity Analyzer, which forecasts VolCorp's cash position over the next 12 months, allowing it to increase net income.
In December, VolCorp and the $153 million Kentucky Corporate Federal Credit Union announced plans to merge. If approved, it would mark VolCorp's second merger in three years; the Nashville-based cooperative successfully merged West Virginia Corporate Credit Union in 2012. Merry performed the pre-merger due diligence for both deals, and headed up the effort to integrate West Virginia Corporate's accounting operations into VolCorp.