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The members of CUNA and NAFCU have voted overwhelmingly to approve the merger of the two organizations to form America's Credit Union.
According to a statement Thursday morning from CUNA and NAFCU officials, of those who voted, 94% of CUNA members and 86% of NAFCU members voted in favor of the merger. Voting ended Wednesday at 5 p.m. and votes were tallied and finalized by each organization's independent ballot provider.
In a statement, CUNA President/CEO Jim Nussle said, "I'd like to thank our credit union members who have been engaged throughout this merger process – asking tough questions, holding us accountable, and helping us plan for the future. I am incredibly humbled to lead this new organization and fight for a stronger credit union industry. Your needs will remain our priority as we embark on this transformation over the next several months."
NAFCU President/CEO Dan Berger added, "This successful vote is a monumental moment for the credit union industry. With Jim at the helm, supported by the Board of Directors' expertise and leadership, I am confident America's Credit Unions will prove to be a successful, innovative and service-first association that will elevate the industry well into the future."
Nussle will take over the leadership position for America's Credit Unions and Berger plans to step aside to pursue other opportunities at the end of the year.
CU Times will have more on this historic news throughout the day.
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
