Operations

Arizona, Colorado, Wyoming Leagues Explore Merger

Membership vote is scheduled for first quarter 2011.

November 08, 2010
/ PRINT / ShareShare / Text Size +

The Arizona Credit Union League, Credit Union Association of Colorado, and Credit Union Association of Wyoming have signed a letter of intent to merge.

Each league’s board of directors agreed to pursue a three-state merger with a focus on how to best provide ongoing benefits and service to their member credit unions. The three organizations will take the next few months to determine a final business plan, develop an organizational structure, and then seek membership approval.

While no official timeline has been developed, a membership vote is required and could be scheduled for first quarter next year. If the merger is approved, Scott Earl, president/CEO of the Arizona Credit Union League, will become the CEO of the new entity.

The Colorado Association owns its building, therefore Denver has been selected as the location for the newly-formed organization’s headquarters. Offices will continue to be staffed and maintained in Phoenix and Casper.

“The work is just starting,” says Earl. “We will be forming committees to review funding and governance, and staff will be looking at how efficiencies can be achieved. However, ultimately the approval of the merger is in the hands of our member credit unions.”

The Arizona Credit Union League serves 51 Arizona credit unions, representing more than 1.6 million members and $12 billion in assets.

The Credit Union Associations of Colorado and Wyoming represent 80 Colorado credit unions, 25 Wyoming credit unions, and more than 1.8 million credit union members in both states—one in three Colorado and Wyoming citizens.

Post a comment to this story

heroes

What's Popular

Popular Stories

Recent Discussion

Great article! Unfortunately, most employees don’t feel valued or appreciated by their supervisors or employers. In fact, research has shown that the predominant reason team members quit their jobs is because they don’t feel valued. This is in spite of the fact that employee recognition programs have proliferated in the workplace – over 90% of all organizations in the U.S. has some form of employee recognition activities in place. But most employee recognition programs are viewed with skepticism and cynicism – because they aren’t viewed as being genuine in their communication of appreciation. Getting the “employee of the month” award, receiving a certificate of recognition, or a “Way to go, team!” email just don’t get the job done. How do you communicate authentic appreciation? We have found people have different ways that they want to be shown appreciation, and if you don’t communicate in the language of appreciation important to them, you essentially “miss the mark”. Additionally, employees need to receive recognition more than once a year at their performance review. Otherwise, they view the praise as “going through the motions”. A third component of authentic appreciation is that the communication has to be about them personally – not the department, not their group, but something they did. Finally, they have to believe that you mean what you say. How you treat them has to match the words you use. If you are not sure how your team members want to be shown appreciation, the Motivating By Appreciation Inventory (www.appreciationatwork.com/assess) will identify the language of appreciation and specific actions preferred by each employee. You then can create a group profile for your team, so everyone knows how to encourage one another. Remember, employees want to know that they are valued for what they contribute to the success of the organization. And communicating authentic appreciation in the ways they desire it can make the difference between keeping your quality team members or having a negative work environment that everyone wants to leave. Paul White, Ph.D., is the co-author of The 5 Languages of Appreciation in the Workplace with Dr. Gary Chapman.

Your Say: Who should be Credit Union Magazine's 2014 CU Hero of the Year?

View Results Poll Archive