FARMERS BRANCH, Texas (2/14/13)--Three leagues--the Arkansas Credit Union League, the Credit Union Association of Oklahoma and the Texas Credit Union League--have signed an agreement to consolidate into one regional league, the Cornerstone Credit Union League.
The three leagues announced their intent to pursue consolidation on Dec. 17, and signed the agreement to consolidate on Jan. 3. Members of each league will vote on the proposal at their separate annual meetings in April and May.
"The signing of this agreement comes after years of extensive and productive dialogue," said Michael Kloiber, CEO of Tinker FCU and chairman of the Regionalization Task Force. "The strength of our movement is our ability to collaborate, and this consolidation illustrates the commitment of all three leagues to remain relevant and innovative for our member credit unions," he added.
"An online voter guide that affiliated credit unions of all three leagues can access has been established," explained Kloiber. The member-only microsite contains helpful resources such as frequently asked questions and a sample ballot, he told News Now.
Each state is conducting meetings to inform credit unions about consolidation and the upcoming vote. "These meetings are already under way," he said.
The Arkansas league held its meetings in Little Rock, Hot Springs, Camden, Fort Smith and Pine Bluff. Its last meeting was in Pine Bluff on Tuesday, according to its website.
Texas league members will vote at its member meeting April 2-5 in Austin. Its annual business meeting is set for April 3. Arkansas credit unions will vote on the measure on April 11, just prior to its Annual Meeting in Hot Springs. CUAOk members will vote at its annual conference May 13-15 in Norman, Okla.
At the time the intent to consolidate was announced, the leagues said consolidation would allow credit unions in each state to enjoy the services and strengths of a new, larger league, which will maintain an advocacy-focused office in each state's capital to continue a local presence. All three leagues have worked closely over the years (News Now Dec. 17).