Northern Colorado credit unions continued Wednesday to reap a spurt in deposit and loan business with new soundings about CUs as safe havens following last Friday's failure of the largest bank in Greeley, a city of 75,000.
"I think we've opened 30-40 new accounts in the last two days and that's about what we do in a month," said Stacy Wamsley, director of marketing at the $48 million Weld Schools CU of Greeley. "It's been a steady flow and we're getting more today."
Lines of customers of the former $2 billion New Frontier Bank of Greeley, now in FDIC receivership, reportedly stretched around the block in the city, a college and ex-urban town 50 miles north of Denver.
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