Whether a mid-sized credit union in Colorado or a billion dollarcredit union in Philadelphia, the messaging about protecting smalltown financial services surfaced again last week.
In Colorado, the CEO of the $135 million Aventa is completing aMarch 30 NCUA-engineered purchase of the once-conserved Saguache County Credit Union voiced strong support for creditunions of his size to preserve small town credit unions whereverpossible.
The fact is, said Gregory Mills, Aventa's president, whilelarger credit unions deserve credit for supporting the movement inwielding political clout in state legislatures, healthy creditunions like his serve an important economic niche in protectingsmall communities threatened by banking's retreat.
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