Low Membership Voter Turnout Results in Failure of Montana First–Horizon Credit Union Merger

With participation of less than 20 percent of Montana First Credit Union’s members, a proposal for a merger with Washington-based Horizon Credit Union failed Jan 5.

As the oldest credit union in the state, Montana First’s proposed inter-state merger with Horizon gained special attention throughout the region—including some opposition that surfaced in the form of letters to editors of various community publications.

Montana First leadership held an informational meeting to address that publicity. According to Montana First’s Chris Sisco, quoted in a report by the “Missoula Montanan,” after the informational meeting, people who had already voted asked to change their “no” vote to “yes,” citing good information as the cause. However, their ballots had already been cast.

The merger plan and accompanying Jan. 5 vote deadline were announced in November after approval by boards from both credit unions in October.

 

Questions or Concerns? Contact Matt Halvorson, Anthem Editor: mhalvorson@nwcua.org.

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