The year is starting out slow for credit union expansion in Colorado. "There seems to be a general wait-and-see attitude–concern over Dodd Frank, corporate resolution, cost issues and maybe even fallout from the election," said the state's top regulator, Chris Myklebust, on Monday.
Indeed, the Colorado Division of Financial Services processed only one major field of membership application at its most recent Jan. 7 meeting of the division board, Myklebust said. "I think October was the shortest meeting on record," he added.
One noteworthy FOM application approved Jan. 7 was on a bid by the $1.2 billion Westerra CU of Denver to expand into two additional counties, Adams and Douglas, covering metro Denver.
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