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Board chairs for each association reach out to members ahead of process.
Voting began Monday on the proposed CUNA-NAFCU merger, the two trade groups announced.
Members of both organizations will receive ballots on the issue, with the vote remaining open for 60 days.
What They’re Saying
“The formation of America’s Credit Unions will be an opportunity to better serve our collective membership, lead the industry into the future, and ensure the growth and prosperity of all credit unions,” NAFCU Board of Directors Chair Gary Grinnell and CUNA Board of Directors Chair Lisa Ginter wrote in messages to member CEOs ahead of the vote. “America’s Credit Unions will maximize value and efficiency for members, while remaining focused on providing relentless advocacy, unparalleled compliance assistance, and impactful educational events.”
Members were asked to whitelist the electronic ballot email, to check their inbox for the messages from the chairs and to contact each group’s’ member services offices with any questions.
How Will New Dues Structure Work?
Late last week, trade group members received messages about the dues structure for the new group.
Existing credit union members will receive dues invoices from their respective association later this year for 2024. Those dues will be calculated using the same methodology in effect on Dec. 31, 2023.
“It’s important to reiterate that all decisions on this structure were driven by a shared commitment to the collective needs of our memberships,” Grinnell and Ginter said.
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