The mergers last week of two medium-sized-and healthy-credit unions, one in Wisconsin and one in Colorado, underscored the succession and technology problems impacting that part of the industry.
In the Wisconsin merger, the $1.4 billion Summit Credit Union of Madison, the state's largest, is consolidating with the $68 million State Central CU of Milwaukee, whose veteran president, James Coraggio is planning to retire.
And in Colorado, the $90 million Colorado Credit Union of Littleton completed the merger and computer conversion of the nearby $12 million Brighton FCU, which officials said sought out a partner because of an inability to keep pace on computer technology and consumer services.
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