By Donya Parrish, MCU VP- Risk Management
Last week, CUNA (Credit Union National Association) and NAFCU (National Association of Federally-Insured Credit Unions) announced their intention to merge into a single national association supporting credit unions.
Their goal is to “form a single, powerful entity to serve credit unions more efficiently and effectively, without redundancies. America’s Credit Unions will offer the industry one strong and united voice. As one organization, we will offer the best advocacy, education and compliance training and increase value to our members by providing more effective resources to strengthen and grow credit unions across America.”
As member credit unions, YOU have a voice in this process and YOU have a vote in this process. Jim Nussle (current CUNA CEO) is the planned CEO of the new organization, America’s Credit Unions. He and Dan Berger (NAFCU CEO) and board members of both CUNA and NAFCU are reaching out across the industry and listening. At Montana’s Credit Unions (MCU), we are hosting a CEO call with Jim on Sept. 15 to offer a direct opportunity for dialogue.
MCU President/CEO, Gerry Singleton, commented that “America’s Credit Unions will blend the best-in-class advocacy, compliance, and education from both CUNA and NAFCU. Speaking with one, unified voice on behalf of our credit unions and the members they serve enables us to represent the diverse needs of our industry efficiently and effectively. America’s Credit Unions, working alongside Montana’s Credit Unions and other state trade associations, will enhance our culture of interdependence and further strengthen the three-tiered Credit Union System.”
“This merger,” Gerry notes, “will strategically benefit both state and federally chartered credit unions and lead the Credit Union System to greater success in ensuring financial well-being for all.”
You can find FAQ for member credit unions as well as provide your own feedback on the merger website. In addition, you can also reach out to Gerry if you have comments, questions, or concerns. We continue to work with the American Association of Credit Union Leagues (AACUL) to share your feedback and represent our credit unions as America’s Credit Unions takes shape. There are a lot of details to be sorted out and announced, but we are also here to listen and want to see a future that works for all credit unions!