WOOD COUNTY, W.Va. (WTAP) - Two local credit unions are merging, in hopes of providing more products and services to people in the Mid-Ohio Valley.
The Wood County Community Federal Credit Union is merging with the West Virginia Central Federal Credit Union. The move was approved by the National Credit Union Association and by a vote of the membership of the Wood County Community Federal Credit Union.
Michael Tucker, the president and CEO of WV Central said in early 2018, the board of directors at the Wood County Community Federal Credit Union reached out to see if the board of directors at WV Central would consider the merger. They agreed.
As a result of this, WV Central will now have more than 20,000 members. Tucker hopes they can continue to serve those customers and the community.
“It allows us to concentrate on our members day to day needs and so when we operate that way as a movement as a philosophy we’re able to truly put our hearts to work each and every day and it allows us to make a difference in our members’ lives and now we’ll be able to touch additional members’ lives with the inclusion of Wood County and we’re very excited about that it gives us a bright future going forward,” Tucker said.
Tucker said the Wood County Community Federal Credit Union’s Dudley Avenue location will close on February 27th at noon. Officials have yet to determine what will happen to that space.