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It’s Unanimous: Arkansas CUs Vote Yes on League Consolidation
Friday, April 12, 2013 7:00 AM

Member credit unions of the Arkansas Credit Union League (ACUL) have unanimously voted in favor of a single cooperative organization, the Cornerstone Credit Union League, which will represent the interests of member credit unions in Arkansas, Oklahoma, and Texas. Arkansas credit union delegates cast their favorable votes Thursday, April 11 during their Annual Meeting & Convention in Hot Springs, Ark.

“A unanimous vote sends a strong message…our credit unions are progressive and forward-thinking,” said Reta Kahley, ACUL president and CEO. “Our credit unions appreciate the tremendous amount of effort and research that has gone into this, and they trust that collaboratively, we will build an even stronger organization that they will find tremendous value in.”

ACUL Board Chair Dwayne Ashcraft added, “This is an exciting time for credit unions in Arkansas, Oklahoma, and Texas. We are embarking on a future that will offer tremendous opportunities for our movement, and, perhaps most importantly, for the millions of consumers who trust our credit unions for their financial service needs.”   

Delegates voting from all three states must vote yes on the measure for it to become official. Texas credit unions voted yes to the consolidation on Wednesday, April 3. If Oklahoma credit unions vote yes in May, an initial board of directors will assume positions on the Cornerstone Credit Union League with three directors from Arkansas, three directors from Oklahoma, and 12 directors from Texas. A directory of the initial board of directors can be found online at www.cornerstoneleague.coop.

If member delegates from all three states approve, the Cornerstone Credit Union League will become official July 1.