At a special meeting held June 9, member credit unions of the Delaware Credit Union League (DCUL) voted in unanimous fashion, 28-0, to approve the merger of the Delaware Credit Union League with the Cooperative Credit Union Association (CCUA).
The vote of Delaware credit unions concludes a year-long process of the DCUL board to find a merger partner to bring advocacy excellence and member value to their member credit unions.
The merger provides the Delaware credit unions with access to a wider range of services, noted, DCUL President Pat Mahaney. The league currently has 18 affiliated credit unions. “It’s really a benefit for everyone involved,” Mahaney said. “We truly feel welcomed by the Cooperative Credit Union Association as an asset to their organization. We can’t wait to get started.”
"The overwhelming positive vote by Delaware credit unions gives us great confidence that they are excited and ready to join our cooperative efforts to improve the credit union system. I want to thank and congratulate the board and leadership of the Delaware Credit Union League, who were committed and engaged throughout this process," said CCUA President Paul Gentile.
The merger between Delaware and Cooperative CUA is not official until CCUA’s members vote.