Northwest Credit Unions Overwhelmingly Approve ICUL-NWCUA Merger
Merger brings together more than 180 credit unions, further strengthening the collective voice.
The Idaho Credit Union League (ICUL) and Northwest Credit Union Association (NWCUA) merger vote was recently passed as expected, making the union official after months of strategic planning. The merger officially takes effect Dec. 31, 2018.
The merger creates a trade association that represents more than 180 credit unions in Idaho, Oregon, and Washington, and several associate member credit unions in Alaska and Hawaii. ICUL and NWCUA have had a smooth management agreement for the past 18 months leading up to the merger.
“Northwest credit unions, ICUL, and NWCUA have demonstrated what is possible in a three-state collaboration,” said Brooke Van Vleet, Chair, NWCUA Board of Directors and President/CEO of St. Helens Community Credit Union, an Oregon-based credit union. “Together, Northwest credit unions successfully advocated for significant updates to their state and federal Credit Union Acts this year. This merger is a positive step forward along the path we began 18 months ago.”
Kent Oram, ICUL Board Chair and President/CEO of Pocatello, Idaho-based Idaho Central Credit Union, thanked members for their support and reinforced how bright the future is for credit unions across the Northwest.
“NWCUA will meet the future needs of Northwest credit unions and their members,” Oram said. “Through this three-state, world-class trade association and collaboration with member credit unions, we will continue to advance the Credit Union Movement.”
Troy Stang, President and CEO, echoed the Board Chairs’ sentiments, stressing how important it is to strengthen the collective credit union voice.
“This collaboration excites a stronger voice regionally and nationally, empowering policy advancement, public awareness, and collective action at the federal level in all three state capitals and on Main Street in every Northwest community,” Stang said.
He noted that 6.5 million consumers — more than 50 percent of the population — belongs to a Northwest credit union.
The newly expanded NWCUA will celebrate the merger further during its annual convention, MAXX 2018, to be held in Tacoma, Wash., from Oct. 16-18. There is still time to register for the convention’s early-bird special pricing, which expires July 14.