ARVADA, Colo. — Climaxing months of negotiation, the Credit Union Association of Colorado and the $4.1 billion Security Service Federal Credit Union of San Antonio confirmed today that the Texas CU will become a full-dues paying member of the trade group in 2008.
Security's decision to add CUAC to its list of trade memberships is a milestone for the Colorado group that said the Texas CU is the first to take advantage of a 2006 by-law adopted by the organization offering full membership to out of state CUs with a branch presence in Colorado.
No other state league is believed to have taken such a step recognizing the growing multi-state footprint of the industry amidst CU mergers and consolidation, said John Dill, the president/CEO of CUAC.
For its part, Security Service said it was eager to contribute to CU advocacy in Colorado through the league and would expect to "have representation at the table" in the form of committee assignments and possible eventual seat on the CUAC board.
Dill said there are 14 other out of state CUs with Colorado operations that have been solicited for members "and so we hope they will follow Security' lead."
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.