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Texas CUs Vote Yes on League Consolidation
Wednesday, April 3, 2013 5:15 PM

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Member credit unions of the Texas Credit Union League (TCUL) have overwhelmingly voted in favor of a single cooperative organization, the Cornerstone Credit Union League. Texas credit union delegates cast their favorable votes yesterday during TCUL’s special member business meeting in Austin, which was held in conjunction with TCUL’s Texas Governmental Affairs Conference and Member Meeting & Expo, which continues through Friday.                            

Member credit unions of the Arkansas Credit Union League will vote on the measure next week and member credit unions of the Credit Union Association of Oklahoma vote in May. Delegates voting from all three states must vote yes on the measure for it to become official.

“A tremendous amount of work, research, and consideration has gone into this measure,” TCUL President and CEO Dick Ensweiler says. “I applaud our member credit unions for recognizing and respecting the power of collaboration.”

“This is an exciting time for our movement, and the first step toward the realization of the Cornerstone Credit Union League,” Paul Trylko, president and CEO of Amplify FCU and chair of TCUL’s board of directors adds. “We have an extraordinary amount of talent and passion in all three organizations, and I’m confident in the future of the Cornerstone Credit Union League.”

If Arkansas and Oklahoma credit unions vote yes, an initial board of directors will assume positions on the Cornerstone Credit Union League board of directors 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.