FORT COLLINS, Colo. -- Demonstrating again what it says is a good faith gesture, Public Service Credit Union said this week it has rehired more than 90% of the employees at the now defunct Norlarco Credit Union which it took over last Friday.
"How often is it in that any company can come in and give jobs to most of the employees of another company that was basically broke?" asked Jane Willard, assistant vice president of public relations for PSCU.
In a formal statement, the president/CEO of PSCU said out of 104 Norlarco employees, "we identified 100 in good standing that will embrace and adapt to our business ethics and strong management principles and of those employees, we were able to extend employment offers to 94%."
Among those let go, however, was President/CEO Robert Hamer who PSCU said "did not fit into our plans" though no replacement has yet been made.
"We are undergoing a restructuring and there may be no direct replacement of Hamer" said Willard, who herself is well known in the industry having served for 20 years as a lobbyist for the Credit Union Association of Colorado/Wyoming. She joined PSCU a month ago.