Canyon State Credit Union and Deer Valley Credit Union Announce Their New Name Following a 2019 Merger

(Phoenix, AZ) — Canyon State Credit Union and Deer Valley Credit Union have renamed their combined Credit Union following a successful merger.

In 2019 a mutually beneficial merger joined the two credit unions, bringing their memberships and combined assets together to create a stronger cooperative financial institution with greater resources. Their dedication to their members and the communities they serve was at the core of discussions regarding the name change.

Effective June 13, 2020 they became Copper State Credit Union. “The name Copper State Credit Union felt right for us,” stated Robb Scott, CEO of the institution. “Copper is a metal that symbolizes strength. Throughout our discussions regarding the 2019 merger one phrase continued to echo in every conversation — ‘we’ll be stronger together.’ We are stronger now, and our new name tells that story.”

Scott stated that the values of the institutions have not changed, however they are better defined. He assured that family is at the heart of their brand and their family of employees will continue to provide the same local service to their member-families and the credit union will continue to support families in their local communities. Copper State will strive to empower members with financial education, knowledge and tools to help them reach their goals.

The leadership team of the credit union is glad to have a new name. “It symbolizes that we are in fact one unified institution rather than two credit unions operating in parallel,” said Paul Waterman, CO-Chair of the Board of Directors. “The new name brings a sense of togetherness to our family of employees.”

Chris Urness, also CO-Chair of the Board of Directors added “We’re very pleased with the choice for the new name. Not only is the element copper relevant to our great state, but a refreshed brand brings a sense of enlightenment to our institution. We stayed true to ourselves and our values throughout the naming process and I believe our redefined brand captures the essence of who we are very nicely.” The credit union worked with FI GROW Solutions, LLC, a marketing agency they have had a longtime partnership with, for the name change project.

Scott confirmed that, all staff members from both credit unions retained their jobs. “We want our members and the communities we serve to know that we’re still your local credit union. You will still see your family members, neighbors, and friends working here. We will still provide the same excellent service we always have and we’re still here for you. Our new name symbolizes our next chapter and we’re excited for all of our members to be part of it.”

The credit union will be in touch with its members regarding any changes resulting from the name change during the next few weeks.

About Copper State Credit Union: Copper State Credit Union is headquartered in Phoenix and has been providing financial solutions for members throughout Arizona and beyond for more than 67 years. Copper State is open for membership from anyone who lives, works or worships within several counties of Arizona – Maricopa, Gila, Navajo, Pima, Pinal or Yavapai – as well as anyone who works for the credit union’s designated Select Employee Groups (SEGs). Copper State is community-based and locally focused, with eight locations within Phoenix area as well as a branch in Payson, AZ.

 

 

 

 

Contact: Lenore Froehlich

LFroehlich@canyonstatecu.org

Jennifer Wade

jenn.wade@dvcu.org

  602.509.7115 602.375.7312

Mountain West Credit Union Association helps bring MemberPass™ to market

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Digital Identity to help reduce fraud for credit unions and members

June 17, 2020 (DENVER, Colo.) – The Mountain West Credit Union Association (MWCUA) has finalized a strategic partnership agreement with CULedger to help jump start the implementation of MemberPass™, a digital ID held by credit union members. MWCUA will help secure credit unions to participate in the Digital Trust Registry™, the registration component of the program. MWCUA currently serves 123 credit unions with 3.8 million members and $51 billion in assets in three states, Colorado, Arizona and Wyoming.

In MemberPass™, credit unions have a turnkey, affordable digital identity solution that will safeguard members’ personal information and provide a touch-free member experience across all channels.  It is a simple and secure replacement for identity verification questions, like the member’s birthday or social security number, making members’ experience convenient and stress-free.  It also presents an opportunity for your credit union to reduce identity theft by giving control and ownership of personal data back to your members allowing them the right to share information, how and where they choose.

“MemberPass™, from CULedger, creates for credit unions a contactless and secure environment that members now need and want in the face of the pandemic and other challenges,” said Scott Earl, President and CEO of the Mountain West Credit Union Association. “We are thrilled to help bring this incredibly valuable solution that provides a secure digital ID to members and protects credit unions from fraud, to market.”

The Digital Trust Registry™ allows credit unions access to the MemberPass™ technology. Credit unions receive their own public digital ID that is written to the Sovrin Global Identity Network (www.sovrin.org). Sovrin is a global distributed ledger (or blockchain) designed exclusively to support digital trust networks and verifiable digital credentials, which is why Sovrin is CULedger’s partner in building the MemberPass™ Trust Network. Once registered with the Digital Trust Registry, credit unions can issue MemberPass™ credentials to their members, and the enhanced security and privacy elements are activated.

MWCUA will join other partners in engaging credit unions in joining the Digital Trust Registry.

The unique privacy-first design creates a competitive advantage for credit unions by allowing members to have one single digital credential that is both portable and interoperable. CULedger’s long-term goal is to enable members to use their MemberPass™ identification to verify who they are with other highly regulated institutions, including in government and healthcare.

For more information about this program, please contact Lisa Slaymaker of Strategic Partners.

About CULedger

CULedger is a credit union-owned CUSO (credit union service organization) that is creating the premier platform of digital exchange for financial cooperatives globally. In working through a national consortium made up of credit unions and trusted industry investors, CULedger has pioneered new developments related to global self-sovereign decentralized identity, MemberPass™, that will further enhance the trust credit unions have with their members.

CULedger provides advantages to credit unions and their members by reducing risks associated with cybersecurity and fraud, improving member experience, streamlining internal processes and reducing administrative and operational costs. To learn more about MemberPass™, visit www.memberpass.com or follow the company on the CULedger Facebook, LinkedIn or Twitter.

About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional tri-state trade association representing 123 member credit unions, 3.8 million credit union members and $51 billion in assets throughout Arizona, Colorado and Wyoming. Not-for-profit in nature, credit unions provide low-cost financial services to their members. Founded in 2011, the Mountain West Credit Union Association serves and supports the interests of member credit unions through advocacy, community outreach, education and training, public affairs, regulatory and compliance services and strategic partnerships. The Mountain West Credit Union Association is affiliated with Credit Union National Association (CUNA), World Council of Credit Unions (WOCCU) and CUNA Mutual Group. Follow us on twitter at twitter.com/mwcua or on Facebook at facebook.com/mwcua. To learn more visit mwcua.com.

 

 

MWCUA Sends Letter to NCUA Chairman Rodney Hood

This week, the Mountain West Credit Union Association sent a letter to NCUA Chairman Rodney Hood, written on behalf of the credit unions we serve expressing our appreciation for the work of the NCUA to bring about regulatory relief during this current crisis. The letter also included the Association’s recommendations for additional regulatory relief needed by credit unions and their members. The full letter can be accessed here.

In addition to expressing the priorities and concerns of our members, MWCUA reiterated the desire to assist in any way possible. Throughout the Coronavirus crisis, MWCUA has been actively engaged with the NCUA. For example, Board Member Todd Harper addressed MWCUA membership during the Association’s virtual annual meeting on April 23 providing details on how credit unions can weather the storm. NCUA Regional Director Cherie Freed also joined a separate MWCUA CEO Roundtable discussion updating the group on the agency’s priorities during the crisis.

 About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional tri-state trade association representing 123 member credit unions, 3.8 million credit union members and $51 billion in assets throughout Arizona, Colorado and Wyoming. Not-for-profit in nature, credit unions provide low-cost financial services to their members. Founded in 2011, the Mountain West Credit Union Association serves and supports the interests of member credit unions through advocacy, community outreach, education and training, public affairs, regulatory and compliance services and strategic partnerships. The Mountain West Credit Union Association is affiliated with Credit Union National Association (CUNA), World Council of Credit Unions (WOCCU) and CUNA Mutual Group. Follow us on twitter at twitter.com/mwcua or on Facebook at facebook.com/mwcua. To learn more visit mwcua.com.

Colorado Credit Unions Step Up for Members During Coronavirus

Mortgage forbearances, auto loan deferments add up to over a billion dollars

May 21, 2020 (DENVER, Colo.) – Colorado credit unions have provided over $1.03 billion in mortgage deferments and more than $657 million in auto loan deferments during the Coronavirus crisis. Representing over two million members in the state, Colorado credit unions have worked with their membership to provide multiple options to offer help as we all navigate this unprecedented situation.

Mortgage forbearance is a temporary stoppage of mortgage payments for a set period of time, typically up to three months. Credit union members work directly with their financial institution to utilize. Skipped payments, typically the option for auto loans, allow a member to defer payments for a period of time on auto loans and unsecured term loans. During this time, interest accrues as it normally would, and the skipped payments are then added at the end of the loan period.

“Credit unions have long been more than just place to keep your accounts,” said Scott Earl, President and CEO of the Mountain West Credit Union Association. “They are truly a partner to their members. Which is why when this crisis hit, they mobilized quickly to provide a wide variety of options for relief.”

While all the talk has been about the Paycheck Protection Program, not everyone impacted by the current crisis is an eligible recipient of that relief. As financial first responders, credit unions stepped up to assist their members from the very beginning of the Coronavirus pandemic. In addition to many Colorado credit unions offering the Paycheck Protection program under the CARES Act, credit unions also have offered short-term, low or no-interest loans; deferments on payments; and other types of programs. This has given members multiple ways to help offset the financial impacts of the crisis.

About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional tri-state trade association representing 123 member credit unions, 3.8 million credit union members and $51 billion in assets throughout Arizona, Colorado and Wyoming. Not-for-profit in nature, credit unions provide low-cost financial services to their members. Founded in 2011, the Mountain West Credit Union Association serves and supports the interests of member credit unions through advocacy, community outreach, education and training, public affairs, regulatory and compliance services and strategic partnerships. The Mountain West Credit Union Association is affiliated with Credit Union National Association (CUNA), World Council of Credit Unions (WOCCU) and CUNA Mutual Group. Follow us on twitter at twitter.com/mwcua or on Facebook at facebook.com/mwcua. To learn more visit mwcua.com.

 

Young Professionals Virtual After-Hours Network Meeting

On Thursday, April 30, at 5:30 (CO & WY), 4:30(AZ), the Mountain West Young Credit Union Professionals Committee is hosting a virtual workshop on how to Maximize the Performance of Remote Teams. This workshop will enhance what you may have learned during the Association’s remote worker webinar series held a few weeks ago by focusing on leadership and followership in a remote environment. Whether this is a recent change or an established habit, YP’s will leave with tangible tools that will add value to their credit unions. Participants will also hear about the work the Association and Foundation are taking to support credit unions and our communities during these times. They will also get a chance to network with peers and connect with other YP’s from across our region.  To attend please use this link https://zoom.us/j/93940112929

 

MWCUA Announces New Board Officers

The Mountain West Credit Union Association’s Board of Directors announced it elected a new slate of officers after the Association’s Annual Business Meeting held April 23, 2020.  

Todd Markberry, Canvas Credit Union, Board Chair

Serving as Chairman of the Board is Todd Marksberry, President and CEO of Canvas Credit Union in Englewood, CO.Jay Curtis, President and CEO of First Credit Union in Phoenix, AZ, will serve as Vice-Chairman. Greg Mills, President and CEO of Aventa Credit Union in Colorado Springs, CO will serve as Treasurer. Colleen Curtis, President and CEO of Southwest Healthcare Credit Union in Phoenix, AZ will serve as Secretary.  “As we face these unprecedented times, I am looking forward to working with these extremely dedicated individuals who are tremendously passionate about supporting credit unions and their members,” said Scott Earl, President and CEO of the Mountain West Credit Union Association.

 

Jay Curtis, First Credit Union, Vice-Chair

 

 

 

Colleen Curtis, SW Healthcare Credit Union, Secretary

Greg Mills, Aventa Credit Union, Treasurer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Canyon State Credit Union Announces Southwest Healthcare Merger

(Phoenix, AZ) — Southwest Healthcare Credit Union has taken steps to merge with Canyon State Credit Union, pending a vote by the Southwest Healthcare membership.

Southwest Healthcare Credit Union has $15 million in assets and 1,800 members, once branch location and five ATMs.  Canyon State Credit Union has $450 in assets and 37,000 members, access to eight branch locations, 7 proprietary ATMs, and access to over 30,000 surcharge-free ATMs worldwide with specified ATM networks.

Southwest Healthcare Credit Union President and CEO, Colleen Curtis, stated “The financial industry is always changing!  With the increased competition from non-traditional companies, other out-of-state financial institutions, increased need for digital strategy and new federal laws and regulations, we can no longer remain competitive with the products and services our members deserve.  Our friends at Canyon State Credit Union have been a great partner to smaller credit unions over the years.  The merger opportunity enables us to provide enhanced services to membership, with the long-term best interests in mind.  Canyon State’s focus on providing excellent member service, active community involvement and collaborative culture are a natural fit for our member and employees.”

Canyon State CEO, Robb Scott, said “We are excited to combine our strengths with Southwest Healthcare.  Both organizations started as a vision of a few coworkers who pooled their financial resources together to help one another.  The philosophy of ‘people helping people’ remains true and strong today, and is evidenced in the work and collaboration among credit unions. I’ve had the distinct pleasure of working alongside Colleen for several years, and her passion for serving her members is unwavering and inspiring.  We believe that this partnership will be mutually beneficial, and will provide even greater options to their membership. We are looking forward to welcoming them into our family and expanding our branch network to better serve all of our members throughout the Phoenix and Payson area. We are committed to investing in our partnership and our community for years to come.”

Tom Phalen, Chairman of the Board for Southwest Healthcare added “It’s imperative that we stay true to ourselves, our values, and our members by remaining a member-focused and service-driven institution. We understand that to deliver on that promise, we need to be positioned to do business in alignment with today’s consumer behaviors.  Canyon State Credit Union definitely meets our expectations of a member focused institution and we truly believe this partnership will be beneficial and provide ever greater option to our members.”

About Canyon State Credit Union:  Canyon State Credit Union is headquartered in Phoenix and has been serving the people of Arizona for more than 67 years with seven branch locations in the Valley and a branch in  Payson, AZ.  With $450 million in assets and over 37,000 members, Canyon State is open for membership from anyone who lives, works, or worships in within six counties in Arizona, as well as anyone who works for the credit union’s designated Select Employee Groups (SEGs).

About Southwest Healthcare Credit Union:  Southwest Healthcare Credit Union was been serving the Valley since 1967, and has 1,800 members and $15 million in assets.  Since its inception, Southwest Healthcare has focused on member service with a common goal of improving the financial lives of its members.

Contact:          Lenore Froehlich

LFroehlich@canyonstatecu.org

602.509.7115

BLUE FEDERAL CREDIT UNION AND BLUE FOUNDTION WILL MATCH $25,000 IN DONATIONS TO FOOD BANK OF THE ROCKIES

Cheyenne Man to Run Marathon for Food Bank of the Rockies

April 16, 2020, CHEYENNE, WY. – Blue Federal Credit Union and Blue Foundation has partnered with Food Bank of the Rockies and is offering to match $25K in monetary donations for COVID relief.  The timing couldn’t be better for a local Cheyenne man running a marathon around Cheyenne to feed the hungry.

On Monday, April 20th, Adam Cordell was supposed to run the Boston Marathon. However, the race was cancelled due to Covid-19. Instead, he will run a marathon in Cheyenne, Wyoming to raise funds for the Food Bank of the Rockies. After hearing about Adam’s plans, Blue Federal Credit Union offered to match all donations Adam raises up to $25,000 which means this event could earn up to $50,000 for Food Bank of the Rockies.

“While it is disappointing not to be running in Boston, I am happy I can still run in my hometown for such a great purpose” says Adam. “During this hard time, we all have to use our gifts for the greater good. Running is my gift and I am honored to use it to help out. Just thinking I can help raise up to $50,000 doing what I love to do blows me away! Thank you, Blue Federal Credit Union and to all who have and will donate.”

There are 3 easy ways to give:

  1. Donate on Facebook at https://www.facebook.com/donate/216357156336194/
  2. Write a check to Food Bank of the Rockies and put ‘BFCUMatch’ as a

Send to:    Wyoming Food Bank of the Rockies

PO Box 1540

Evansville, WY  82636

  1. Give online directly to Wyoming Food Bank of the Rockies at org/BFCU

Donating to Food Bank of the Rockies is a great way to rally behind a local athlete and help local communities. Every dollar given will be doubled by the grant and 100% of all funds raised will go directly to the Food Bank of the Rockies for immediate relief to feed hungry families in Wyoming and Colorado.  Practicing social distancing, employees from Blue Federal Credit Union will cheer for Adam along his 26.2-mile route.  If you would like to support Adam along his run, check out the route information below:

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Blue Federal Credit Union is a not-for-profit financial institution serving communities in Wyoming and Colorado, along with robust digital services to serve member/owners worldwide. Our purpose is to create a true cooperative, connected to, and inspired by the communities we serve, committed to building lifelong relationships with our members, and guided by the belief that their success is ours. Blue Federal Credit Union – For You. For Life. Please visit www.bluefcu.com for more information.

Blue Foundation is a 501C3 that is committed to supporting local organizations by stepping up to help our communities serve one another and provide financial education, volunteer opportunities and provide funding during difficult times. Doing Good is the fabric of who we are! Please visit www.bluefoundation.blue for more information.

Media Contact:
Michele Bolkovatz

Vice President of Public Relations

Blue Federal Credit Union

307-432-5402

mbolkovatz@bluefcu.com