Ninety-four percent of about 200 member credit unions in Kansas and Missouri voted in favor Tuesday to merge in their state associations into the Heartland Credit Union Association effective Jan. 1, 2016.

The consolidation of the Kansas Credit Union Association and the Missouri Credit Union Association will mark the ninth league consolidation since 2007.

Don Cohenour, president/CEO of the Missouri league and Marla Marsh, president/CEO of the Kansas league, announced they will retire in 2016. They will remain in their positions, however, until their successor is named for the new association that will be based Kansas City, Mo.

In December 2014, the boards of the two organizations announced they signed a letter of intent to develop the framework for a proposed consolidation of the organizations. The boards also appointed a Joint Collaboration Task Force to create a vision and structure for the new organization.

Both leagues conducted town hall meetings to review details of the proposed merger with member credit unions in both states. Kansas credit unions voted electronically and at a special membership meeting. Missouri credit unions voted electronically and at their annual meeting.

“This historic vote unites two strong organizations with comparable philosophies and similar cultures,” Marsh said. “While Heartland Credit Union Association will create financial efficiencies and enhanced services opportunities for credit unions, state specific needs and local support will continue to be a high priority for us.”

To ensure an advocacy presence, the Heartland Association will operate branch offices in the capital cities of Topeka, Kan., and Jefferson City, Mo. Additional offices will remain open in Wichita, Kan., and St. Louis.

“We are moving forward with combining operations, aligning staff and preparing for a new look,” Cohenour said. ”This collaboration creates greater opportunities for sustainability, strength and success for more than 200 credit unions in Kansas and Missouri.”

Integration of both associations' products and services will occur throughout the next six months. The merger also will combine the for-profit companies of the association.

O'Rourke & Associates, a San Francisco-based executive recruitment firm, is conducting the search for the new Heartland league CEO.

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