Members Approve CUNA Bylaws Modernization
March 21, 2016
March 21, 2016
More than 2,000 credit unions voted on the bylaws modernization, with 90% supporting a new open membership model.
The CUNA Board of Directors had recommended approval of the bylaws update, which will give credit unions the option of belonging to their state league, CUNA, or both.
CUNA Board Chair Rod Staatz shared election results with member credit unions in a March 19 letter. Staatz said the historic change will provide new and modern governance, and will give the board greater ability to maintain a fair dues formula and board structure.
“Clearly, there was strong support for these changes, and I believe that this voting process has demonstrated our commitment to meeting the needs of our membership,” said Staatz. “What’s more, this new membership model will help us build an even stronger, more effective, and more united credit union system. I want to thank the CUNA Board for their efforts in supporting this important modernization.”
“Interdependence has helped us serve the best interests of credit unions for many years, and will continue to do so for many years to come,” he continues. “It stands for a united system that is the best advocate for credit unions at both the state and federal levels, and in any arena in which our support and participation is needed.”
Troy Stang, President and CEO of the Northwest Credit Union Association, expressed similar thoughts about the strength of a united credit union movement.
“We believe the best system is when credit unions belong to and are engaged with both CUNA and their association, and all parties–CUNA, leagues, credit unions, and their 103 million members are working hand in hand to promote and protect the cooperative, not-for-profit financial services choice for consumers.”