Merger approved: Historic vote sets up transformation to America’s Credit Unions
The new organization is set to legally launch Jan. 1, 2024.
Members of CUNA and NAFCU have approved the associations’ merger into America’s Credit Unions. The new organization is set to legally launch Jan. 1, 2024, and will spend the next several months aligning products and services to meet members’ needs, and committing to a culture that emphasizes accountability, transparency, and responsiveness.
Of those that voted, 94% of CUNA members and 86% of NAFCU members voted in favor of the merger.
“I’d like to thank our credit union members who have been engaged throughout this merger process – asking tough questions, holding us accountable, and helping us plan for the future. I am incredibly humbled to lead this new organization and fight for a stronger credit union industry. Your needs will remain our priority as we embark on this transformation over the next several months,” said Jim Nussle, president and CEO of CUNA, who will serve as president and CEO of America’s Credit Unions.
“This successful vote is a monumental moment for the credit union industry. With Jim at the helm, supported by the Board of Directors’ expertise and leadership, I am confident America’s Credit Unions will prove to be a successful, innovative, and service-first association that will elevate the industry well into the future,” said Dan Berger, president and CEO of NAFCU. Berger will continue to serve in his role until the end of the year.
This merger is a historic opportunity to transform credit union advocacy at the federal and state levels to take the industry into the future. The new association will bring together the best of both organizations to offer exceptional services to credit unions so they can best serve families and small businesses across America.
The association will provide credit unions with regular updates on the transformation process. Visit cuna.org/merger for more information.