For Central Oklahoma, it came down to an affordability issue in trying to implement the latest fintech solutions. According to Tommy, many of these tech solutions were just out of reach for the smaller credit union cost-wise. The merger allows them to adopt these products and services to better serve their current and future members.
For True Sky, Sean said it was an accessibility move, gaining coverage in parts of the state where they wanted to be to continue their membership growth curve.
As polarizing as the merger issue is in credit union land, this merger seems to work very well for both organizations, as Tommy and Sean share in this conversation. It was an 18-month process coming to a recent culmination.
Check it out and let us know your thoughts. And be sure to watch the entire episode below for all the details.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.