NWCUA, MWCUA Boards Unanimously Approve Due Diligence, Strongly Recommend Merger
March 1, 2022
As announced early this month, the Boards of Directors for the Northwest Credit Union Association and the Mountain West Credit Union Association agreed to a comprehensive due diligence process to explore combining the two organizations.
The boards and team members engaged in a weeks-long deep dive, executing traditional due diligence, learning from each other about existing programs and services, and exploring what is possible in a next-level credit union association. Last week, both boards unanimously agreed that merging the organizations will create a stronger state and federal advocacy voice and exponentially expand resources available to member credit unions.
The boards declared they strongly support and recommend NWCUA and MWCUA merge to become one Association. Per Association bylaws, each member credit union will be able to cast one vote, with balloting open between March 31 and April 12. The merger is proposed to become official on or before June 30, 2022, with NWCUA President and CEO Troy Stang leading the new Association representing more than 300 credit unions and their 12.3 million members in Arizona, Colorado, Idaho, Oregon, Washington, and Wyoming.
Learn More About the Possibilities
A series of in-person and virtual Town Halls is scheduled between now and March 23 where credit union leaders can meet with leadership and learn about the exciting opportunities and benefits of bringing the organizations together. Please register here to join a Town Hall that is convenient for you.