Several years ago, our longtime CEO, Pam Tenpenny shared with the Life CU Board of Directors her retirement plans, generously allowing much time to explore and discuss options. Their first decision was whether it was in the best interest of the membership to hire a CEO or merge with another credit union. Many factors were considered. The most significant were the increased financial burdens placed on all credit unions, including Life, to comply with new regulations and to continuously improve technological infrastructure and services. After much research, discussion and reflection, the board of directors determined that merging was the best route for us to continue to serve you, our members, not only well but even more fully.
Return to the Merger/Partnership page.