Arizona, Colorado and Wyoming Plan Consolidation
The trend toward trade group consolidation picked up more steam last week with plans by the Arizona Credit Union League and Credit Union Associations of Colorado and Wyoming to merge.
In a letter of intent, the leadership of the two groups said a merger plan presented the optimum method to improve service and generate economic efficiencies to member CUs in the three states.
While no official timeline has been developed for the planned merger, "a membership vote is required and could be scheduled for early spring of next year," said the joint statement.
Disclosure of the merger coincides with the announcement last week that the marriage of the Credit Union Association of Oregon and the Washington Credit Union League becomes effective Jan. 1, with formation of the Northwest Credit Union Association following a final vote of members and boards.