NASHIVILLE and SAN DIMAS, Calif. – The nation's largest corporate, WesCorp, and VolCorp announced merger plans earlier this year. The merger took many by surprise given that the $26 billion WesCorp is based in California, and the $1 billion VolCorp in Tennessee. It further proves that geography means very little any more for corporate credit union expansion. Gone also are the days of traditional memberships. Most corporates now market outside of their core territories. WesCorp plans to keep all VolCorp staff and facilities in place. More merger news came at press time with the $3.9 billion Empire Corporate and the $4.5 billion Mid-States Corporate announcing merger plans. See story on page 3.
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