The trend toward trade group consolidation picked up more steam last week with plans by the Arizona Credit Union League and Credit Union Associations of Colorado and Wyoming to merge.
In a letter of intent, the leadership of the two groups said a merger plan presented the optimum method to improve service and generate economic efficiencies to member CUs in the three states.
Moreover, if implemented, the planned consolidation might be a blueprint or business model for mergers of other leagues in the Mountain States, though there have been no discussions with those boards, said Michael Williams, chairman of the Colorado group and president/CEO of Colorado CU of Littleton.
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