Volunteer Corporate Federal Credit Union has announced its "intent to explore a merger" with West Virginia Corporate Federal Credit Union, VolCorp spokesperson Sandy Swofford disclosed Tuesday. 

"We have agreed to sign a letter of intent," Swofford added. "But it is not a done deal."

She elaborated that there need to be approvals issued by NCUA and by Tennessee state regulators, among other prefatory steps.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.