A Colorado Springs credit union, the $135 million Aventa, whichover the weekend completed an NCUA-engineered purchase of theonce-conserved Saguache County Credit Union, voiced strong supportMonday for the role of mid-sized credit unions in supportingindustry growth.

The fact is, said Gregory Mills, Aventa's president/CEO, whilelarger credit unions continue to hold political sway healthy creditunions like his serve an important economic niche in protectingsmall communities threatened by the loss of financial services.

“We did our due diligence and were able to step up and handlethis merger with NCUA though it did require a second look,” Millssaid of Aventa's NCUA purchase/assumption of the $17 million Saguache County CU intiny Moffat, Colo.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.