Merger Discussion Draws Crowd at CUESDirectors Conference
LAS VEGAS - (12/09/05) -- A breakout session titled: "MergerQuestion: Should We Dance or Sit This One Out" attracted astanding-room only audience at the CUES Directors conference hereWednesday. Speakers Greg Preston and Steve Young, a director andcommunity council member, respectively, with Edmonton,Alberta-based Common Wealth CU, told the crowd of directors theyhave many things to investigate, examine and evaluate if one oftheir credit unions is considering a merger. Said Young: "Gatherintelligence, establish priorities, then come to a conclusion andtake action. The action could be no, we won't merge." Prestonadded: "Even if a credit union decides not to merge, it is not awasted process."