ARLINGTON, Va. – While the merger of the Arizona, Colorado and Wyoming leagues will save money, it remains to be seen how well the merger will work.
That was the assessment of Stephanie Teubner, president/CEO of the $365 million Warren FCU of Cheyenne, Wyo.
“You have economic factors that remain to be seen,’’ Teubner said today in response to a question from Credit Union Times Editor-in-Chief Sarah Snell Cooke today at a luncheon meeting of the Metropolitan Area Credit Union Management Association.
She said there will still be offices in each of the three states, though some of them may have to be adjusted. In addition, separate lobbying staffs for each individual state will continue though they will combine efforts when dealing with national issues.
Teubner, who is on the board of the Wyoming league, noted that the building that housed the Colorado league in downtown Denver would likely rent some of its extra space to CUSOs in the area.
Teubner said the consolidation of the leagues, which just received final approval last month, could save money for individual credit unions, which would be especially helpful for smaller institutions.
“I am concerned about what we will do to help the viability of small credit unions,’’ she said.