NASHVILLE, Tenn. — Volunteer Corporate CU CEO Rick Veach will retire at year end, with current SVP and CFO Jeffrey Merry stepping up to the chief executive role effective Jan. 1.
With Veach at the helm, VolCorp was one of only five corporate credit unions to remain solvent during the financial crisis, and under his leadership the institution has dealt with the collapse of U.S. Central Corporate CU, recapitalization, an increased compliance burden, corporate mergers and more.
"It has been an honor to lead VolCorp these past nine years and to serve the needs of our credit union members," Veach said. "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."
When Merry takes over for Veach he will be only the fourth CEO in VolCorp's 35 years in operation. He has served since 2008 as SVP and CFO, prior to which he ran VolCorp's investment portfolio as chief investment officer. He holds an MBA from Vanderbilt University.
"I am very blessed to be selected by the board to lead VolCorp into the future" said Merry. "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."
