AUSTIN, Texas The first step for a potential consolidation of the credit union associations for Arkansas, Oklahoma and Texas went forward Wednesday as member credit unions of the Texas CU League voted in favor of what is being called the Cornerstone Credit Union League.
TCUL officials said the vote was “overwhelming” in favor of consolidation. TCUL is hosting a special member business meeting here in conjunction with its 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 said. “I applaud our member credit unions for recognizing and respecting the power of collaboration.”
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
If member delegates from all three states approve, the Cornerstone Credit Union League will become official July 1.
