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At First Basin, Cultural Split May Be Key To Conversion Fight

ODESSA, Texas -- Whether the $114 million First Basin Credit Union changes to a bank charter or not may hinge on a cultural split between the credit union's leadership, which is primarily English-speaking, and its Hispanic, Spanish-speaking members.

By David Morrison | Updated on January 11, 2008

ODESSA, Texas — Whether the $114 million First Basin Credit Union changes to a bank charter or not may hinge on a cultural split between the credit union’s leadership, which is primarily English-speaking, and its Hispanic, Spanish-speaking members.

First Basin began in 1965 as Medical Community Credit Union but then merged twice, once with Ector County Credit Union and then with Neighborhood Credit Union. The addition of Neighborhood, which had been started on the south side of Odessa, particularly increased the credit union’s percentage of Hispanic members, according to Carol Uranga, a longtime credit union member who is also the executive director of the Hispanic Heritage of Odessa organization.

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