DENVER–The timing be a bit awkward considering public wariness here about "mergers and sales" among banks and credit unions, but still the $720 million Colorado State Employees CU said Friday it saw no problem in moving ahead with a name change becoming Credit Union of Colorado.
"Our ambassador groups did expose us to the idea that our members first wondered whether the name was a first step to a merger and we had to assure them it wasn't," President/CEO Terry Leis said.
The name change on the drawing board for two years is needed, he said, to reduce long-held public confusion over eligibility considering the CU's primary sponsors include State of Colorado employees and those of state colleges and local government.
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