MADISON, Wis. (10/19/15)--Providing operational support and giving credit unions a seat at the advocacy table are among the reasons cited for belonging to the CUNA and state credit union league system-according to some of the latest credit unions to sign on to the CUNA-league system.
Four credit unions--three in Colorado and one in Wyoming--have joined the Mountain West Credit Union Association (MWCUA) this year, bringing its total to 126 credit unions across Arizona, Colorado and Wyoming. The Pennsylvania Credit Union Association also welcomed East End Food Cooperative FCU, Pittsburgh, to its membership this year.
Being part of the association has helped Jackie Robertson, president of One Thirteen CU, Colorado Springs, Colo., move into the leadership role she took on a year ago.
“It is an amazing resource for the whole credit union,” she told News Now. “I’ve used the association for compliance questions, and my whole staff has been using its training webinars.”
Robertson said her staff know that they can call the association if they have questions regarding any matter that arises. “They are always very supportive,” she added.
Said Scott Earl, MWCUA president/CEO: “I believe our credit unions do value the services of the association. We see that in high use of our products and services as well as extremely high participation in educational offerings. That, combined with the focus on advocacy equals a partnership for Mountain West credit unions that cannot be duplicated elsewhere.”
Seventy-eight credit unions have affiliated this year, bringing CUNA’s membership total to 5,245, or roughly 85% of all U.S. credit unions. (See News Now Oct. 15: Cornerstone re-affiliations continue to rise)
Fourteen of the credit unions are state-chartered, with the other 64 holding federal charters.
“We work hard to make sure the association is focusing on what credit unions want and need,” Earl said. “With a core emphasis on advocacy, affiliated credit unions see value when we give them a voice with elected officials, regulators, the media and other key stakeholders.”
He added, “Even when our credit unions cannot actively participate in something like a Hike the Hill or regulatory event, we get a sense of their concerns ahead of time and make sure those are expressed, even without them present.”
All of the Colorado, Wyoming and Pennsylvania credit unions that have joined have assets of less than $50 million, with just two above the median-asset threshold of $25.7 million.