CUNA
  • Advocacy
    • Priorities we’re fighting for
    • Actions you can take
  • News
  • Learn
  • Compliance
  • Shop
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • COVID-19
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Contact
Learn More about Member Value

News

Member Benefits
Learn more
Learn more about the benefits of membership.
Home » PCUA, NJCUL members vote to approve merger
CU System

PCUA, NJCUL members vote to approve merger

May 16, 2019

Pennsylvania Credit Union Association (PCUA) President/CEO Patrick Conway today announced the affirmative vote of the memberships of both PCUA and New Jersey Credit Union League (NJCUL) ratifying the Definitive Merger Agreement to create a new trade association – the PA/NJ Credit Union Association.

The new organization will bring together the strengths of two storied trade associations to enhance value to credit unions in both states, and will represent one of the largest regional credit union trade associations in the country. 

 “This is an exciting day for credit unions in both Pennsylvania and New Jersey,” said Jeff DeBree, PCUA Board Chair and president/CEO of Penn East FCU, Scranton, Pa. “I would like to thank my fellow PCUA and NJCUL board members as well as our member credit unions in both states for their support of this new organization.”

“This is a new and exciting chapter for both of us,” said Andy Jaeger, NJCUL Board Chair and president/CEO of Credit Union of New Jersey, Ewing, N.J.. “Joining forces with our good friends in Pennsylvania will lead to more growth and opportunity for the credit unions in both states. I thank my colleagues on both the NJCUL and PCUA boards as well as our member credit unions for their support.”

The two Boards of Directors entered into a non-binding letter of intent to bring the two organizations together in December 2018. On March 8, the boards signed a Definitive Merger Agreement, pending ratification by member credit unions in both states. 

Voting was open from May 1 to May 15, and at the close the membership of both PCUA and NJCUL voted in favor of the Definitive Merger Agreement as per requirements set out in their respective bylaws.  The rest of 2019 will be used to integrate the two organizations with the combination becoming effective no later than Jan. 1, 2020.

Credit Union Magazine - Spring 2021

Spring 2021

Credit Union Magazine’s Spring 2021 edition features CUNA's 2021 advocacy agenda, strategic planning guidance, and labor market insights.
Digital Edition •  Subscribe

Trending

  • 4 tips for #CURockStars nominations

  • 48 credit union leaders graduate from Foundation’s virtual DE Program

  • Longer CU loan maturities could make education more affordable

Tweets by CUNA_News

Polls

How have vaccination efforts affected your remote work policy?

View Results
More

Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

More CUNA

  • About
  • Careers
  • Contact Us
  • Recommended Websites
  • Privacy Policy

Resources for

  • CUNA Board Members
  • Credit Union Advocates
  • Leagues
  • Press
  • Vendors