Credit Unions to Vote on CUNA Bylaws Modernization
February 8, 2016
February 8, 2016
In addition to allowing credit unions membership options for state, national or state and national membership, additional issues addressed in the bylaws proposal would allow the CUNA Board to address CUNA’s dues formula, board structure and Governance.
The groundwork for the CUNA/State League system was laid in 1934, when industry leaders determined that rather than having all state leagues individually staff advocacy teams in Washington, D.C., a national trade association would be more efficient and effective. Since that time, “interdependence” evolved, allowing for credit unions to engage in and help inform and execute both their state and federal policy advancement strategies.
In 2014, a task force appointed by CUNA’s board began a year-long study of the CUNA/league system, and among its recommendations was a modernized proposal allowing credit unions to have membership options.
The Northwest Credit Union Association’s Board has highlighted the importance of strong interdependent coordination as one system between credit unions, a regional association and CUNA to “advance world-class advocacy promoting credit unions.”
The CUNA board voted “to adopt and advance CUNA’s restated bylaws to a membership vote,” according to Board Chairwoman Susan Streifel, who is President/CEO of Federal Way, Washington-based Woodstone CU. “The CUNA Board of Directors is recommending that members vote “Yes” to approve the adoption of these bylaws to modernize our structure and enable us to be more nimble, effective and accountable in serving your needs,” Streifel wrote in a letter distributed this month to member credit unions.
Member credit unions are receiving both hard copy and electronic packets this week, and may use either method to vote by mid March. An independent and experienced voting firm is handling the vote count.
Northwest Credit Union Association President and CEO Troy Stang said the member vote will be monitored, and the Association Board will address any related changes and update to its membership bylaws at the conclusion of the CUNA membership vote. He too encouraged the membership’s support of CUNA’s proposed bylaw modernization and encouraged members with questions to call or email him or Chairwoman Streifel directly.
CUNA President and CEO Jim Nussle invited members with questions to bring them to CUNA’s Governmental Affairs Conference later this month in Washington, D.C. where they will have the opportunity to talk with senior staff at a dedicated breakout session. CUNA has also posted the answers to frequently asked questions.
Questions about this story? Contact Lynn Heider: 503.350.2225, firstname.lastname@example.org.
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