The $153 million Kentucky Corporate Federal Credit Union has completed its merger into the Volunteer Corporate Credit Union, according to a VolCorp statement.
The merger, announced last year, received a unanimous vote of approval from the Kentucky Corporate FCU membership. The Tennessee Department of Financial Institutions approved the merger June 30.
The Nashville, Tenn.-based VolCorp is the surviving institution, maintaining its name and headquarters location. The Louisville, Ky.-based Kentucky Corporate is maintaining operations and staff at its headquarters.
“We are very excited to welcome Kentucky credit unions into our VolCorp family of credit unions,” VolCorp President/CEO Rick Veach said in the prepared statement. “The addition of Kentucky members will allow VolCorp to continue to be very competitive on pricing, yet remain small enough to provide a high level of service to each of our members.”
With the addition of Kentucky Corporate, VolCorp now manages assets of approximately $1.4 billion with more than 400 members throughout Tennessee, Alabama, Kentucky, Mississippi, South Carolina, West Virginia, California, Florida, Georgia, Idaho, Illinois, Louisiana, Maryland, Michigan, North Carolina, North Dakota, Ohio, Texas and Wisconsin.
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