ALEXANDRIA, Va. — In today's closed board meeting, the NCUA Board declined to approve a merger proposal between VolCorp and WesCorp.
While WesCorp President/CEO Bob Siravo said they were disappointed, they would “regroup and refashion our strategy.”
“While this merger process, ultimately intended to enrich VolCorp credit unions with improved rates and expanded product choices, may be without a doubt, painstakingly tedious to complete, it demonstrates the unwavering commitment of the board, officers and staff at both VolCorp and WesCorp to respond to member requests seeking the enhanced level of services they rightly deserve,” he said.
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