The Credit Union National Association (CUNA) and National Association of Federal Credit Unions’ (NAFCU) websites have been updated with recent developments related to the proposed transformation to America’s Credit Unions.
Now available are the 2022 financial statements for both organizations, as well as a video of CUNA President and CEO Jim Nussle’s conversation at NAFCU’s 2023 Congressional Caucus where he laid out his vision for the new organization (and refreshed frequently-asked-questoins — FAQs). You can access the new resources here.
Nussle — who would lead America’s Credit Unions — kicked off a series of virtual forums for member credit union CEOs. NAFCU-only members were encouraged to participate in this week’s forum. He will host one on October 4 for CUNA-only member CEOs and one on October 11 for those who are members of both organizations.
As members have requested more visibility into the financial strength of both organizations, the associations have shared their 2022 financial statements to promote transparency and accountability — which are priorities throughout the merger process. The statements demonstrate a strong foundation should the merger to America’s Credit Unions be approved by members.
In addition, Nussle joined NAFCU Senior Vice President of Government Affairs Greg Mesack at the caucus in early September to discuss advocacy priorities and pillars of America’s Credit Unions, as well as answer questions from attendees. You can watch the conversation on NAFCU’s YouTube page.
Meanwhile, CUNA’s refreshed FAQs provide insights into general merger-related questions, the voting process and timeline, membership participation and dues, board governance and structure, events, and more. The member vote on the merger is open until 2 p.m. (Pacific) on November 1.
In addition, credit union CEOs were also recently sent a survey to help shape the proposed America’s Credit Unions, should the merger be approved.
Continuing the ongoing effort to collect feedback on the proposed merger and what products and services the new association should offer, the survey seeks insights into credit union leaders’ expectations on timeline, focus areas, areas in need of transformation, communication preferences, and more.