Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Montana First CU members defeat merger proposal
MISSOULA, Mont. (1/19/12)--Members of $63 million Montana First CU of Missoula, Mont. have voted down a proposed interstate merger with $432 million Horizon CU of Spokane Valley, Wash.

The results of a special member voted were released Tuesday (Missoulian.com Jan. 18).

About 18% of the membership voted, with 249 more "no" votes than "yes" votes, said Montana First CEO Chris Cisco in the article.

Boards from both credit unions approved the proposal in October, but some directors and members from Montana First expressed concern about whether merging with an out-of-state credit union is the best way to help grow and serve the membership of Montana's oldest credit union (News Now Jan 4.)

Members also said they lacked information about the merger. An informational meeting about the merger was held Jan. 5, the same day ballots were due.

For now, the merger is off the table, said Mark Londine, Montana First CU board chair.

Montana First serves its 9,700 members through two branches. Horizon has 38,000 members and 18 branches.


RSS





print
News Now LiveWire
#Maine #creditunion membership growth continues record pace http://t.co/yFRur4TQ0x
7 hours ago
.@TheNCUA closes N.Dade Community Development FCU,Miami Gardens, Fla. determining CU violated some charter provisions,bylaws & fed. rules.
9 hours ago
Why a #creditunion can be a good fit for #smallbiz http://t.co/l7Df9b8vQZ @fundbox
11 hours ago
Who's most adept at saving these days? The middle class, says @Bankrate http://t.co/zVi7typdVU
11 hours ago
.@OregonCCU donates $20K in Sprint program monies to @CMNHospitals @CU4Kids via @NWCUA http://t.co/0wTAH5NTNI
12 hours ago