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News Now

CU System
No merger for Wyoming Colorado associations
DENVER, Colo. (3/23/10)--The Credit Union Association of Colorado (CUAC) and the Credit Union Association of Wyoming (CUAW), which had explored a formal merger for the past year, will continue to maintain separate associations. The Wyoming association membership voted 10-12 to not support a formal merger. As a result, the Colorado association has suspended a vote among Colorado credit unions. The boards and management team of the associations will continue working together to ensure the needs of both states' credit unions and will collaborate to determine the best way forward in the coming weeks. "While Wyoming credit unions decided not to move forward with a formal merger, we have had a long and successful relationship with Colorado," said Marsha Tynsky, chairwoman of CUAW, "and as chairwoman, I look forward to charting a future course for our two associations." In 1998, the Colorado association began managing the day-to-day affairs of the Wyoming association. In 2003, Colorado purchased Wyoming's league service corporation. For the past few years, the two states joined their credit union foundations, and engaged in cooperative ventures in branding and marketing, payday loan alternatives, and the Credit Union Resource Group, a credit union service organization serving small credit unions. "Even though our two associations will remain separate organizations," said Mike Williams, vice chairman of the Colorado association, "we look forward to continuing our collaboration with Wyoming for the benefit of credit unions in both states."


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