The Credit Union National Association (CUNA) and the National Association of Federally-Insured Credit Unions (NAFCU) are set to merge and create “America’s Credit Unions,” a powerful voice for credit unions in the US.
Facts
- CUNA and NAFCU, two prominent credit union associations, plan to merge to enhance their members’ interests and advocate within policymaking, lobbying, and regulation.
- Both parties’ boards and executive committees agreed in May to proceed with the merger. A 60-day member voting period will begin later this month.
- If approved, the new association’s legal establishment is expected no earlier than January next year, with full operation by early 2025.
- Jim Nussle, CUNA’s president and CEO, will become the new president and CEO of America’s Credit Unions, leading a 16-person transition board.
- NAFCU’s president and CEO, Dan Berger, will step down from his position by year-end but remains involved in the association’s transition.
- The merged association aims to provide exceptional value to members and ensure every American household has access to top-tier credit union services.
