West Virginia

REGULATING AGENCY: West Virginia Division of Financial Institutions

West Virginia Capitol

LEAGUE: West Virginia Credit Union League

PRIVATE SHARE INSURANCE: No

STATS: (As of June 2021)

Total Number of Credit Unions: 85

  • TOTAL # SCUs: 3
  • TOTAL # FCUs: 82
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 4%

Total Assets: $4,524,061,212

  • TOTAL $ SCU ASSETS: $94,363,630
  • TOTAL $ FCU ASSETS: $4,429,697,582
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 2%

Total Members: 378,327

  • TOTAL Members SCUs: 9,138
  • TOTAL Members FCUs: 369,189
  • SCU % OF TOTAL (SCUS/STATE TOAL): 2%

FUN FACT: In 1776, a group of residents asked the Continental Congress to create a 14th colony called Westylvania, including parts of West Virginia and surrounding areas; the plea was ignored.


RECENT NEWS

Shaffer taking reins at West Virginia Credit Union League
From the Parkersburg News & Sentinal

May 2021 — A change in command is underway at the West Virginia Credit Union League. Ken Watts is retiring as president and CEO and will be succeeded by Rich Shaffer. The retirement, capping a service span of 46 years, was effective at the end of April.

The announcements were made by league Chairman Joetta Heck.

“I am truly humbled and honored by the board’s decision. I have been very fortunate to have Ken has a friend and mentor over the past 33 years, and also work in a cooperative movement that puts people ahead of profit,” Schaffer said. “While I will deeply miss working with Ken, I look forward to continuing to build upon the strong foundation he has established over many years.”

Headquartered in Parkersburg, the league is the trade association for the 85 credit unions in West Virginia that have combined assets in excess of $4 billion.

READ MORE


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