League President Carrie Hunt Responds to CUs' Approval of CUNA-NAFCU Merger

The Credit Union National Association and National Association of Federally Insured Credit Unions today announced that member credit unions of both organizations have approved a merger of the two national trade associations.

The merger of the two organizations will lead to the formation of a new national trade association – America’s Credit Unions – no sooner than January 2024. Plans call for the new trade association to be fully operational by early 2025.

“The coming formation of a new national credit union trade association represents a singular opportunity to leverage the strengths of both CUNA and NAFCU in order to advance our industry,” said League President/CEO Carrie Hunt. “A single national trade association promises dues-paying credit unions operational efficiencies, economy of scale and a unified voice on the advocacy front.”

“We are all keenly aware of the challenges we face as an industry,” said Hunt. “We are excited about the promise of America’s Credit Unions and its potential to help us navigate those challenges and help drive success for the whole of our industry. From the perspective of your League, we remain committed to partnerships that strengthen credit unions and advance our mission. As the ‘America’s Credit Union’ association takes shape, we’ll work to ensure Virginia’s credit unions have a voice in its direction, leadership and service offerings.”

“We believe our industry is made stronger and more resilient by collaboration and a shared commitment to credit unions’ success,” said Hunt. “Your League looks forward to working with your credit union, our fellow leagues and America’s Credit Unions in continuing that proud tradition of collaboration and cooperation. Ultimately, we all share the same vision for a thriving and diverse credit union industry.”

Your League is committed to promoting, protecting and strengthening Virginia’s credit union system. That means being your best advocate at the state and federal levels; your source for industry-best business solutions; and your premier resource for education, information and operational support.

Additional Resources:

• You can learn more about the CUNA-NAFCU merger here
• Learn more about the voting results here
• Updated FAQs