NASHVILLE, Tenn.–-Volunteer Corporate CU (VolCorp) has named a new CEO.
Jeffrey W. Merry has been named to lead the organization effective Jan. 1, 2016.
He will succeed Rick Veach, who is retiring effective Dec. 31. Merry is currently VolCorp’s CFO.
“The board of directors appointed Rick as CEO of VolCorp during a financially turbulent season for the corporate credit union network,” said VolCorp in a statement. “VolCorp was one of just five corporate credit unions that remained solvent. Under Rick’s nine years of leadership, VolCorp successfully dealt with many challenges, including the failure of U.S. Central, recapitalization, stricter NCUA regulations and the unification with the West Virginia and Kentucky corporates.”
Veach said it has been an honor to lead the corporate. “I am proud of what we have accomplished as a team on behalf of our members and am convinced that VolCorp will continue to be an increasingly strong force in the credit union movement and will bring innovative ideas and create efficiencies for many years to come.”
Merry will be the fourth CEO in VolCorp’s 35-year history. In 2008 Merry was promoted to SVP/CFO, with responsibilities for the investments, accounting, cash management, asset/liability management, and compliance departments. Prior to serving as SVP/CFO, he was assigned the task of managing VolCorp’s investment portfolio as the chief investment officer.
“I am very blessed to be selected by the board to lead VolCorp into the future” Merry said. “It is important to ensure our members that our focus will remain earning their trust every day. We can accomplish this by being engaged and understanding how VolCorp can best add value to their mission of service to their members. And, while we look ahead with great anticipation, we look back with great appreciation to Rick for his leadership. He has positioned us well and I am very excited for him as he writes his next chapter.”