The travails of small credit unions recruiting available CEO talent at reasonable cost is being underscored this week in a New Mexico merger involving the $101 million Animas CU consolidating the struggling $5 million Totah CU, both of Farmington.

“Yes, indeed.Totah was financially ailing and came to us seeking a merger after they lost their CEO and found themselves unable to attract talent at a reasonable price,” explained Gary Sterton, CEO of Animas CU.

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