NORMAN, Okla. The final step in the consolidation of CU leagues in Texas, Arkansas and Oklahoma was taken this afternoon as member credit unions of the CU Association of Oklahoma voted 49-10 in favor of a single organization representing the three states.
Oklahoma credit union delegates cast their votes during CUAOK’s special member business meeting here. On April 11, credit unions of the Arkansas CU League voted unanimously in favor of the proposal. On April 3, Texas CU League members voted 109-5 in favor of consolidation.
With approval given by member CUs in all three states, the Cornerstone Credit Union League will become official July 1. The newly merged league’s board of directors will be made up of three directors from Arkansas, three directors from Oklahoma, and 12 directors from Texas.
“Given the outcome of today’s vote, it is quite clear that Oklahoma credit unions are progressive and forward-focused,” said CUAOK President and CEO Gary Jones in a released statement. “I am 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 have been discussing and working toward this goal since last summer and it is wonderful to see our efforts come to fruition.”
