![]() ![]() “We do this, all while advancing the ability to better serve our existing members,” Cahill continued. “Sometimes that includes partnering with a smaller credit union.” “As Credit Unions and financial stewards for our members’ money, we have an obligation to find ways to improve members financial lives and the communities we live and work in,” said Cahill. CEO/President Sean Cahill talks with members of the business community at the Midwest City branch location where ground was broken October 6, 2021. True Sky’s Cahill has been instrumental in leading the organization through a period of expansion into areas of the wider OKC metro with a focus on underserved populations and members who previously had to travel long distances to find a branch. “Whether it’s a collective group of people, or a large membership, helping those who need it, is what this movement was founded on.” ‘The right thing‘ “This partnership really reflects the philosophy of why credit unions were formed long ago, the idea of people helping people,” continued Smith. “We’re seeing more small credit unions continue to partner with larger credit unions, because together we can provide more member value.” “As the CEO of Central Oklahoma, I see the importance of remaining relevant in today’s ever-changing digital world,” said Smith. The current President/CEO of Central Oklahoma Credit Union, Tommy Smith, will become Market President - Central Oklahoma in the new organization. This partnership helps ensure we will thrive.”Ĭahill was just named “Most Admired CEO” by the Journal Record, and Forbes cited True Sky in its “Best Credit Union” list for Oklahoma for the third year in a row. “We have a lot of respect for True Sky Credit Union’s board, leadership, and employees. Over the past few years as COFCU looked at the best way serve members and employees now and into the future we started to explore the idea of merging,” Tommy Smith, who will become a Market President for True Sky Credit Union said. “The financial services industry is ever-changing and competitive. ![]() “Over the past several months as we’ve gotten to know the people and the communities COFCU serves, it’s been confirmed time and time again that both organizations are committed to serving members, building a culture where employees thrive, and making a difference in the communities we serve.” “I’m excited to officially welcome COFCU members and team members to the True Sky family,” said Sean Cahill, True Sky president. This partnership allows Central Oklahoma to offer expanded access and conveniences to their members through additional branch locations, the ability to offer more competitive products and services, and enhanced technology and digital offerings providing greater 24/7 convenience for members. True Sky Credit Union cuts ribbon on second Edmond location This comes during a period of growth for True Sky (one of our sponsors) while garnering positive public recognition. The merged credit unions will maintain the “True Sky” name and the current President/CEO of True Sky, Sean Cahill, will be the CEO for the new combined organization. The organization’s combined assets will be approximately $940 million and together they will serve more than 56,000 members with 14 branches (and 3 more in the process) throughout Oklahoma. Both organizations will continue to serve respective members “business as usual” at their branch locations as they work on COFCU being fully integrated from a systems perspective in early 2024. From a COFCU member perspective, there will be minimal impact at legal merger date. The biggest change is COFCU will become a division of True Sky Credit Union. It is part of a continuing period of change and growth for True Sky that has been recognized on the national level. The legal merger date for the two organizations is planned to be November 1, 2022. OKLAHOMA CITY - The merger of True Sky Credit Union and Central Oklahoma Federal Credit Union (COFCU) has received regulatory approval as well as approval by a majority vote of the COFCU members.
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