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The Credit Union National Association (CUNA) and the National Association of Federal Credit Unions (NAFCU) recently announced their intent to merge. The new combined organization, America’s Credit Unions, will work with our League to help ensure the continued growth and prosperity for Maine’s vibrant credit union network. This is an exciting time for each association’s membership and our League is pleased to support their plans to consolidate.
Before the merger is finalized, members of both organizations will have the opportunity to vote in support of the proposal during a 60-day voting period, which is now underway. Credit unions should have received an electronic ballot by email. Please check your inbox for a message from CUNA Member Services and cast your vote in favor of or in opposition to the merger. If your credit union did not receive your ballot, or if you have questions, please contact CUNA at 800.356.9655.
If members vote in favor of the merger, America’s Credit Unions will legally be established no earlier than January 2024, with the intent to be fully operational by early 2025. Jim Nussle will serve as the CEO of the new organization. Dan Berger, who made the decision earlier this year to step aside to fulfill family obligations and pursue other opportunities, will remain at the NAFCU until the end of this year to ensure the merger transition is a success.
To help answer any questions your credit union may have about the merger—including important details about membership dues, board structure, and committees—both organizations have posted resources on their respective websites. Please visit CUNA’s merger page or NAFCU’s page. Each organization will continue providing regular updates to members to ensure an open and transparent process.
America’s Credit Unions will provide a cohesive voice for the credit union movement—one that will undoubtedly increase value to members like you with new opportunities and enhanced advocacy to lead our industry into the future.