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News Now

CU System
Oklahoma regulator approves CUs merger
OKLAHOMA CITY (2/22/11)--The Oklahoma State Credit Union Board approved a merger between Tulsa Metro FCU and the Fraternal Order of Police (FOP) CU, both of Tulsa. FOP CU, with $25.6 million assets absorbs Tulsa Metro CU’s $6.8 million assets. Gilbert told News Now that FOP/Tulsa Metro merger made sense from both cultural and operational perspectives. “They were not interested in becoming part of a big credit union,” he said of Tulsa Metro CU. “They still maintain that small credit union atmosphere through this merger.” FOP CU CEO Carol Webb had previously held the same position at Tulsa Metro, Gilbert noted. “She knew its operations, as well as the limitations and struggles it had,” Gilbert said. One of those limitations was access to branch facilities. Tulsa Metro FCU was previously housed in the fifth floor of a downtown building, said Gilbert. The National Credit Union Administration has also approved the merger.


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