With the fate of the proposed CUNA bylaw changes now in the hands of credit unions and leagues, some industry leaders said they feel anxious and uncertain, while others noted they remain optimistic and confident about the long-term effects of membership choice on the credit union movement.
Speculation is running high about what the future credit union landscape will look like under a membership choice model, including whether state and national advocacy will be substantially weakened, if it will create cutthroat competition among the leagues for credit union members and whether it will lead to the eventual merger of NAFCU and CUNA.
"I don't think anybody at this stage is really going to be able to make a great assessment of what it means from a membership standpoint," Pat Jury, president/CEO of the Iowa Credit Union League, said.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
