Truliant Announces Merger with WJC Federal Credit Union
WINSTON-SALEM, N.C. (November 13, 2020) – Truliant Federal Credit Union announced today that WJC Federal Credit Union will be merged into Truliant in order to align the southwest Virginia-based credit union with a financially strong, leading financial institution.The merger provides substantial benefits to WJC members, such as greater access to digital banking tools, more financial products and services, and an extensive ATM network. Truliant currently has two locations in southwest Virginia.
“We’re excited to welcome WJC members into the Truliant family. We celebrate the cooperative spirit and share the same commitment to our members and the respective communities we each have been serving for decades,” said Truliant President and CEO Todd Hall. “By working closely with WJC on a smooth transition, members will have options for easier account access, more services and improved technology.”
The merger expands Truliant’s membership to an additional five counties: Washington, Smyth, Grayson, Russell in Virginia and Johnson County in Tennessee. Founded in 1982 to serve employees of Columbus McKinnon, WJC serves the southwest Virginia market and has about 1,000 members. Truliant will transition WJC members and add WJC’s Damascus, Va. branch to its network in the first half of 2021.
The merger was approved by both credit union boards and by federal credit union regulators. No changes will occur for WJC members until account, service, and system integration is completed.
About Truliant Federal Credit Union
Truliant is a mission-driven, not-for-profit financial institution that promises to always have its member-owners’ best interest at heart. It improves lives by providing financial guidance and affordable financial services. Truliant was chartered in 1952 and now serves 261,000+ members. Truliant has more than 30 Member Financial Centers in North Carolina, South Carolina and Virginia.
FOR MORE INFORMATION
Contact: Heath Combs
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(o) 336.293.2054 (c) 336.442.5736
