The nation’s leading credit union associations are planning to merge.
The National Association of Federally-Insured Credit Unions and the Credit Union National Association plan to combine and form America’s Credit Unions next year.
Jim Nussle, CUNA’s president and CEO, would lead the combined association. Dan Berger, who earlier this year announced plans to step down as NAFCU’s president and CEO, would remain at the association through the end of this year.
“The two organizations have been collaborating for more than a year, and this was a natural evolution,” the groups said. The associations signed a letter of intent in May to set up the proposed merger.
The merger must be approved by NAFCU and CUNA members over a 60-day voting period that is expected to begin later this month.