Three-Way League Merger as Mountain West Gets Final OK
The three-way league merger of Arizona, Colorado and Wyoming into the new Mountain West Credit Union Association was made official Friday.
Culmination of the merger transaction combining the Credit Union Associations of Colorado and Wyoming plus the Arizona Credit Union League won final member approval in a vote announced during the annual meeting of the Colorado trade group convening in Colorado Springs. The chairman of CUAC, Michael Williams, who also is president/CEO of Colorado CU of Littleton, said he was “confident this merger will build an association that will be a lasting benefit to all member credit unions” in the three states, adding, “working with the leaders in the other two states has been a great fit right from the beginning.”
Scott Earl, the president/CEO of the Arizona trade group, is the new CEO of MWCUA which will have headquarters in Denver and satellite offices in Phoenix and Casper, Wyo.
“The need for a league is as important as ever,” said Robert Ramirez, chairman of the Arizona league. “The challenge is how best to achieve efficiencies and still provide what credit unions expect from their League.”
Separately, the growing phenomena of new and proposed league mergers and consolidations over the last year including one in Oregon/Washington and most recently a proposal involving the New Jersey League and Maryland DC Credit Union Association have turned into a national hot topic.
On that score, it was announced Friday that Stephanie Teubner, one of the architects of Mountain West CUA and president/CEO of Warren FCU in Cheyenne, Wyo. will speak on the merger trend and its national implications at an April 11 meeting of the Metropolitan Area Credit Union Association in Arlington, Va.
As part of her talk, Steubner will be interviewed by Sarah Snell Cooke, editor-in-chief of Credit Union Times during MACUA’s monthly lunch being held at the Red Bridge Marriott.
Teubner, with 16 years in credit union management, has been a director of the Credit Union Association of Wyoming.
“Stephanie will address questions pertaining to the upside value and downside concerns of credit union league consolidation and that is important since the Mid-Atlantic region is just one area of the country experiencing this trend,” said MCUA.
“The topic is relevant nationally with regard to the three tier structure of credit unions,” said MCUA. “While this could be a natural maturing step of our structure, there are conflicting positions on the value of regionalizing state leagues. The purpose of this meeting is to further explore that conversation.” MACUA represents CUs in Maryland, D.C. and Virginia.