MARLBOROUGH, Mass. (9/25/14)--Voting has been set for October on the proposed merger of three Northeast credit union leagues-- Massachusetts Credit Union League, New Hampshire Credit Union League and the Credit Union Association of Rhode Island.
"This is a very important vote, and we are committed to making certain that our members have access to full and complete information so that they make an informed decision," said Paul Gentile, league president (Daily CU Scan Sept. 23).
"We're confident that the credit unions will see the value proposition in this merger," he said, adding, "These three states have a long history of working together. This merger is really the next step in our evolution and we are excited about serving all of our member credit unions as the Cooperative Credit Union Association."
Electronic voting for Rhode Island credit unions will open Oct. 1. In-person voting will be 3-7 p.m. (ET) Oct. 8 at the Crowne Plaza at The Crossings, Warwick.
In New Hampshire, electronic voting will open Oct. 8. In-person voting will take place 3-7 p.m. (ET) Oct. 15, at America's Credit Union Museum, Manchester.
Electronic voting for Massachusetts credit unions will open Oct. 15, and in-person voting is set for 3-7 p.m. Oct. 22, at the Holiday Inn, Marlborough.
In the August issue of Monthly CU Scan, Gentile offered an in-depth look at the merger and the name under which the new league would operate under--the Cooperative Credit Union Association.
Gentile has been discussing the proposal at chapter meetings, league conferences and the annual meetings of the Massachusetts, New Hampshire and Rhode Island leagues.
"Local advocacy will be preserved," Gentile noted in Monthly CU Scan. "Credit unions in each state will continue to enjoy a local brand. On the advocacy front, local advocacy committees will be maintained in each state and ensure local control over advocacy issues.
"Social responsibility will also maintain its local presence with each state keeping its individual Social Responsibility cause and committee. Those productive local elements will live on," he added.
Early in the education process, Gentile talked about choosing Cooperative Credit Union Association as the organization's title. "The new name honors our roots and our structure as cooperatives. In today's world where people value doing business with values-based organizations like credit unions, our cooperative structure should be held up as one of our key market advantages," Gentile told the audience at the April Volunteer Development Conference (Daily CU Scan April 28).
A new video released by the leagues features credit union leaders explaining how the merger will ensure that the credit union communities in each state will maintain their identities while gaining strength through banding together. Use resource the link to view the video.
Among the other leagues that have taken the consolidation path are North and South Carolina (Carolinas Credit Union League); Arkansas, Oklahoma and Texas (Cornerstone Credit Union League); Alabama and Florida (League of Southeastern Credit Unions); Arizona, Colorado and Wyoming (Mountain West Credit Union Association); and Oregon and Washington (Northwest Credit Union Association).