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Virginia Corporate Moves to National FOM

LYNCHBURG, Va. - The $1.3 billion Virginia Corporate FCU now has a national field of membership. NCUA recently approved the expansion. Most corporates have national FOMs, and in recent years more and more have been marketing outside of their traditional FOM. "Today, credit unions are evaluating a number of choices...

By Staff Writer | Updated on July 01, 2003

LYNCHBURG, Va. – The $1.3 billion Virginia Corporate FCU now has a national field of membership. NCUA recently approved the expansion. Most corporates have national FOMs, and in recent years more and more have been marketing outside of their traditional FOM. “Today, credit unions are evaluating a number of choices for their investment dollars and correspondent service needs,” said Jim Hansen, President/CEO of Virginia Corporate. “We want Virginia Corporate to be one of their options. Our expanded field of membership will allow us to provide our services without any geographic constraints.” Virginia Corporate has over 250 members.

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