NWCUA, ICUL Announce Two Year Strategic Management Alliance
October 14, 2016
October 13, 2016
During his final Chair’s Address as Board Chair of Your Assocition, Jack Fallis, President and CEO of Global Credit Union (Spokane, WA) announced a two-year Strategic Alliance management agreement between NWCUA and the Idaho Credit Union League.
The agreement, effective January 1, 2017, means NWCUA will provide a full suite of Association products, services, and programming to ICUL member credit unions.
“This agreement presents a regional synergy connecting bright minds and opportunities to grow credit union’s market share, Fallis said. “Your Association team and Board of Directors believes this alliance fortifies Northwest credit unions and builds a more sustainable future.”
Under the agreement, the ICUL league structure will remain intact and be governed by its Board of Directors. The Idaho Governmental Affairs Committee will continue to nurture the state level advocacy agenda. The three state collaboration will leverage committees and task forces together, to advance policy, raise public awareness, and promote collective action. An office with staff resources will be maintained in Boise.
“Region-wide Credit Union Movement collaboration is being demonstrated at its finest in this alliance,” said Troy Stang, NWCUA President & CEO. “The alliance brings collaborative synergy between Idaho, Oregon, and Washington credit unions which already serve 50% of the population. With a connected focus on bringing the best possible operating environment through advocacy and public awareness, the credit unions in these three states will continue to realize the maximum influence of their collective voice.”
“The Strategic Alliance augments the combined power of more than 180 credit unions in Oregon, Washington, and Idaho, creating a robust collection of tradition, independent thinking, and bright minds,” noted Kent Oram, Chair of the ICUL Board of Directors. “Collaboration is the cornerstone of the Credit Union Movement, and this collaboration empowers one community of credit unions to enhance the value and impact that nearly 6 million of their members enjoy.”
The NWCUA and ICUL have other established collaborative partnerships; a three-year agreement for the trade associations to jointly host the annual MAXX Convention was announced in August, and ICUL member credit unions participated last year in the NWCUA’s networking council programs. A broad geographic footprint is already in place in the Northwest with some Oregon and Washington credit unions currently working across the Idaho border.
Three-state collaboration presents new networking, resource sharing, and professional development opportunities for all credit unions in the region.
“For over five years, Oregon and Washington credit unions have modeled the vision of what is possible when the strength of multiple state trade associations come together to excite a stronger voice regionally and nationally,” said Stang. “Now with Idaho credit unions leaning in, we look forward to building on the combined successes of credit unions throughout the Northwest.”
Oram emphasized the ICUL Board, NWCUA Board and staff are heading down the alliance path “fully committed to a successful 24-month alliance which may lead to a formalized merger of the ICUL and its affiliated service corporation with the NWCUA. This gives Idaho credit unions the opportunity to experience what is possible.”
Questions about this story? Contact Eric Horvath: 503.350.2222, firstname.lastname@example.org.