Northwest CUs approve ICUL-NWCUA merger
Idaho Credit Union League (ICUL) and Northwest Credit Union Association (NWCUA) merger vote was recently passed as expected, making the union official after months of strategic planning. The merger officially takes effect Dec. 31.
The merger creates a trade association that represents more than 180 credit unions in Idaho, Oregon, and Washington, and several associate member credit unions in Alaska and Hawaii. ICUL and NWCUA have had a smooth management agreement for the past 18 months leading up to the merger.
“Northwest credit unions, ICUL, and NWCUA have demonstrated what is possible in a three-state collaboration,” said Brooke Van Vleet, chair of the NWCUA board of directors and president/CEO of St. Helens Community CU, St. Helens, Ore. “Together, Northwest credit unions successfully advocated for significant updates to their state and Federal Credit Union Acts this year. This merger is a positive step forward along the path we began 18 months ago.”
Kent Oram, ICUL board chair and president/CEO of Pocatello, Idaho-based Idaho Central CU, thanked members for their support and reinforced how bright the future is for credit unions across the Northwest. “NWCUA will meet the future needs of Northwest credit unions and their members,” Oram said. “Through this three-state, world-class trade association and collaboration with member credit unions, we will continue to advance the Credit Union Movement.”
Troy Stang, NWCUA president/CEO, echoed the board chairs’ sentiments, stressing how important it is to strengthen the collective credit union voice. “This collaboration excites a stronger voice regionally and nationally, empowering policy advancement, public awareness, and collective action at the federal level in all three state capitals and on Main Street in every Northwest community,” Stang said.