The CEO of a $133 million Charleston, W.Va. credit union which this week took over a $6.5 million competitor, laid down the merger gauntlet Friday, saying he has eyes on at least three small CU prospects in his field of membership.
"I'm on the NCUA list and I'm a player," vowed C. Dana Rawlings, the president of Pioneer West Virginia Federal Credit Union, which has won final regulatory clearance to consolidate the struggling MAC FCU of South Charleston, as he made reference to the agency's national registry of potential CU suitors.
The Pioneer WV CEO stressed that his goal "is not simply asset growth" but to provide real product and service advantages to members outside his Charleston base by opening branches in growth areas in outlying communities.
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