The timing be a bit awkward considering public wariness here about "mergers and sales" among banks and credit unions, but still the $720 million Colorado State Employees CU said Friday it saw no problem in moving ahead with a name change becoming Credit Union of Colorado.

Triton, the ATM manufacturer that is headquartered close to the Gulf Coast and had to close its doors for a time in the wake of Hurricane Katrinia, had commemorated the second anniversary of recovery from the storm with an ATM donation.

In a letter to NAFCU Senior Counsel and Director of Regulatory Affairs Carrie Hunt, Treasury Deputy Assistant Secretary for Tax Analysis Robert J. Carroll explained that the Treasury Department is not suggesting taxing credit unions.