Member Connect Q1 2026 News & Updates
Letter From the CEO
A credit union’s annual meeting is where the member-owners attend and take an active part in their credit union’s operations. The annual meeting is an essential part of the DNA of a financial cooperative! By holding an annual meeting, a credit union upholds the cooperative structure, ensures democratic member control, and provides transparency and accountability. These meetings empower member-owners to elect a volunteer Board of Directors, review financial performance, and provide input into future strategies. The meetings also provide an opportunity for a credit union to celebrate achievements and highlight its commitment to community support. On March 7, 2026, WV Central held its 57th annual meeting at the First Presbyterian Church in Parkersburg, WV. A total of 120 members attended to learn more about credit union operations and hear about plans for the upcoming year. A financial statement was provided and presented by Ken Watts, Treasurer, showing assets of $322,784,102 and loans of $222,923,317. 99.37% of members who borrow from the credit union are current on their loan payments. Capital / Assets ended 2025 at 13.77%. WV Central is financially sound and positioned for continued success while ensuring the financial wellbeing of our members. In 2025, WV Central made significant contributions to its members and the local community, donating a total of $250,000 to various charitable causes. Furthermore, as a reward for their loyalty to the credit union, members received a special owner’s dividend of $993,000, which was distributed on the last day of 2025. To encourage savings and to provide tools for protecting their debit cards, WV Central has introduced the following: 1) Koda New Birth account, which celebrates a new baby by making a $50 deposit into the baby’s account when it is opened within the first 6 months; and 2) CardNAV helps to control fraud and reduce any debit card risks by setting controls and limits on the card usage. WV Central’s 57th annual meeting showcased the credit union’s strength and outlined exciting plans for 2026 and beyond. Please be sure to investigate all aspects of Central as we are laser-focused on improving the financial well-being of our members! Michael A. Tucker, President/CEO