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Paper Mill's Credit Union Now a Signet Branch

Paper Mill's Credit Union Now a Signet Branch
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By West Kentucky Star Staff
Feb. 05, 2016 | WICKLIFFE, KY
By West Kentucky Star Staff Feb. 05, 2016 | 01:31 PM | WICKLIFFE, KY
Signet Federal Credit Union in Paducah has announced a merger with the Wickliffe Paper Mill Federal Credit Union, which began February 1.

The Wickliffe Credit Union has served the employees and family members of Verso Corporation paper mill and Westrock Carbon Plant since 1970. Their former office at 451 Court Street in Wickliffe is now the sixth branch of Signet. Current staff at the location have kept their jobs.

Carlene Scillian, President/CEO of Signet FCU said, “We are incredibly grateful for the reception we have received from the Wickliffe Paper Mill FCU members and we are excited to continue to earn that goodwill every day. All the Wickliffe Paper Mill FCU employees joined our staff and we are honored to work with them as partners going forward. Adding the Wickliffe office to our network of branches will enable us to better serve the financial needs of those in Ballard and Carlisle counties.”

Paula Beardsley, President of Wickliffe Paper Mill FCU, said, "We are very excited about becoming a part of Signet Federal Credit Union because of our shared commitment of supporting the communities we serve and the ability to expand the services we offer our members.  We thank the Wickliffe members for being open to merging with Signet and being very cooperative during this process.  We always felt like our Wickliffe Paper Mill FCU was a family. Our members will benefit from that same exceptional customer service with Signet.  We also look forward to serving new members in our surrounding communities.”

Verso Corporation announced on August 30, 2015 that they would be idling the former NewPage mill and laying off more than 300 workers. Local leaders have expressed hope that Verso would re-open the mill or sell it to someone who would, but so far that hasn't happened.

Signet was chartered in 1939 as Paducah Illinois Central Railroad Credit Union, and is the oldest financial institution established in Paducah. Signet is a member-owned, full service credit union that provides financial services to over 18,500 individuals, businesses, not-for-profit organizations and government agencies in Ballard, Calloway, Carlisle, Crittenden, Fulton, Graves, Hickman, Livingston, Lyon, Marshall, and McCracken Counties.
  
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