WICHITA, Kan., and ST. LOUIS (10/7/15)--Member credit unions of the Kansas Credit Union Association (KCUA) and Missouri Credit Union Association (MCUA) voted to consolidate and form a new entity.
The new organization will launch Jan. 1, 2016 and will be known as Heartland Credit Union Association and Shared Financial Solutions.
The two state credit union associations announced their intentions to combine in December last year and emphasized that the move would be a consolidation, not a merger.
The announcement noted that combining the efforts of both associations will strengthen the credit union voice locally and nationally, and provide member credit unions with greater support, enhanced staff expertise and more opportunities for networking and training.
“This historic vote unites two strong organizations with comparable philosophies and similar cultures,” Marla Marsh, president/CEO of the KCUA. “While Heartland Credit Union Association will create financial efficiencies and enhanced services opportunities for credit unions, state specific needs and local support will continue to be a high priority for us.”
“We are moving forward with combining operations, aligning staff and preparing for a new look,” said Don Cohenour, MCUA president/CEO. “This collaboration creates greater opportunities for sustainability, strength and success for more than 200 credit unions in Kansas and Missouri.”
Marsh and Cohenour will stay on board until a new person is named. Both have made plans to retire in 2016.
Heartland Credit Union Association will be headquartered in Kansas City, Mo., considered a halfway point between the two states. To ensure a strong advocacy presence, branch offices will be located in the capital cities of Topeka, Kan. and Jefferson City, Mo.. Additional offices will remain in Wichita, Kan., and St. Louis, Mo.
The two trade associations will be working over the next six months to integrate products and services, and communications platforms.