NASHVILLE, Tenn. (12/1/11)--Members of Volunteer Corporate CU (VolCorp) in Nashville, Tenn., approved a proposed merger with West Virginia Corporate FCU in Parkersburg, W.Va., at a special meeting held Nov. 22.
More than 50% of VolCorp's members voted, with 94% of those voting supporting the merger, said VolCorp.
Earlier in November, the Tennessee Department of Financial Institutions approved the merger, subject to a favorable review by the National Credit Union Administration (NCUA) and votes of the membership of both credit unions. Both are expected to take place in January.
"The consolidated entity will continue to meet all of NCUA's regulatory requirements, providing for a stronger corporate going forward," said Rick Veach, VolCorp president/CEO.