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Wyoming CU Wins In-Store Grocery Franchise

CHEYENNE, Wyo. - Warren Federal Credit Union the state's largest CU has won the right - bypassing banks - to open an in-store facility in a King's Supermarket, and March 3 will open a second branch-full service-in front of the grocery which is part of a 112-store Mountain States chain....

By Staff Writer | Updated on January 07, 2003

CHEYENNE, Wyo. – Warren Federal Credit Union the state’s largest CU has won the right – bypassing banks – to open an in-store facility in a King’s Supermarket, and March 3 will open a second branch-full service-in front of the grocery which is part of a 112-store Mountain States chain. “We were approached by IBT Technologies acting on behalf of King’s asking if we were interested in opening a financial facility in the store and we said yes,” explained Maureen Tebo, Warren FCU president. The $145 million CU already had plans on the drawing board to open the 5,000 square foot in a mall in front of the store “but now we will have two branches-the in-store facility with longer hours for deposit taking and transaction activity, and the bigger branch for loans,” said Tebo. All of the other King’s stores in Colorado, Utah, Wyoming and New Mexico have in-store facilities operated by First Bank or Key Bancorp, said a spokesman for the Denver chain, a division of Cincinnati-based Kroger Cos.

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