Northwest Credit Union Association, Idaho Credit Union League Announce Two Year Strategic Management Alliance
October 25, 2016
FOR IMMEDIATE RELEASE
TIGARD, OR; SEATAC, WA & BOISE, ID — The Northwest Credit Union Association (NWCUA) and the Idaho Credit Union League (ICUL) have announced a two-year Strategic Alliance management agreement. Effective January 1, 2017, the NWCUA will provide executive leadership, professional development, compliance, public relations, regulatory and advocacy support to ICUL’s member credit unions.
Under the agreement, the ICUL league structure will remain intact and be governed by its Board of Directors. ICUL will continue its presence in Idaho, with an office in Boise, three current staff members and a new Vice President of Advocacy who will focus on state-specific legislative and regulatory opportunities. While the Idaho Governmental Affairs Committee will continue, staff of Idaho credit unions will be invited to participate in all other NWCUA committees, task forces and professional development programs.
“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 regional credit unions.
“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.”
The Northwest Credit Union Association is the not-for-profit trade association representing 154 of Oregon and Washington’s credit unions. Northwest credit unions returned $352 million in direct financial benefits to their 5.2 million members last year. The NWCUA is the voice of the Northwest credit union movement, providing legislative, regulatory and public advocacy in addition to education, compliance, networking support and business solutions to credit unions. For information on how to join a credit union, please visit http://www.asmarterchoice.org.
The Idaho Credit Union League is the trade association representing over 30 credit unions across the state. Founded in 1936 and headquartered in Boise, Idaho, the League provides legislative and regulatory advocacy, compliance support, professional development opportunities, and products and services to help credit unions thrive and better serve nearly 740,000 Idaho consumers who are credit union members. For more information, visit www.idahocul.org.
For information on how to join a credit union, please visit http://www.asmarterchoice.org.