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News Now

CU System
Okla. CUs Vote To Consolidate With Texas, Arkansas Leagues
NORMAN, Okla. (5/15/13)--Member credit unions of the Credit Union Association of Oklahoma voted  49-10 in favor of consolidating with the Texas and Arkansas Credit Union Leagues into a single Cornerstone Credit Union League.

Oklahoma credit union delegates voted Tuesday afternoon during CUAOK's special member business meeting in Norman, Okla. Member credit unions of the Arkansas and Texas leagues have already approved the measure.

Cornerstone will become official July 1, according to the LoneStar Leaguer (May 14).

"Given the outcome of today's vote, it's quite clear that Oklahoma credit unions are progressive and forward-focused," said CUAOK President/CEO Gary Jones. "I'm very excited to have the voting behind us because now we can focus on building the Cornerstone Credit Union League."

"This is truly a momentous occasion," said Gina Wilson, CUAOK board chair. "We've been discussing and working toward this goal since last summer and it's wonderful to see our efforts come to fruition."

While the new organization won't become effective until July 1, the initial board of directors will meet before then to help ensure a smooth transition, said the association.


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