Member Credit Unions of MWCUA, NWCUA Approve Merger

FOR IMMEDIATE RELEASE

CONTACT:

Lynn Heider
VP, Communications & Public Affairs | NWCUA
lheider@nwcua.org
503-329-7208

Patti Hazlett
Director, Public Affairs | MWCUA
phazlett@mwcua.com
720-355-2828

Member Credit Unions of MWCUA, NWCUA Approve Merger

Denver, Colo. and SeaTac, Wash. (April 21, 2022) — Member credit unions of the Mountain West Credit Union Association (MWCUA) and the Northwest Credit Union Association (NWCUA) voted to approve merging the two organizations effective June 30, 2022. The merger was approved with overwhelming support; 80% of the eligible credit unions’ delegates cast ballots, with 92% voting in favor. The new, six-state trade association will represent 300+ credit unions in Arizona, Colorado, Idaho, Oregon, Washington, and Wyoming, which serve over 12.3 million consumer members.

“As Associations in service to credit unions across these six states, we are humbled by the honor of serving organizations that create impact for people as they build their dreams,” said MWCUA President and CEO Scott Earl and NWCUA President and CEO Troy Stang in a joint statement. “The results of the vote support the belief of both organizations’ Boards of Directors that creating a next-level Association will enhance the strength and influence of credit unions’ voices.”

Earl will retire June 30, following a 40-year career in the Credit Union Movement. When the merger of MWCUA and NWCUA consummates this summer, Stang will serve as President and CEO.

Earl and Stang expressed deep gratitude to the MWCUA and NWCUA Boards of Directors for their strategic investment and leadership navigating the merger process, to the Associations’ teams for their intense collaboration, and to all the credit union leaders who explored the possibilities and voted in support of the merger.

The strategic plan for the new Association will ensure all six states represented are part of a proven advocacy model to keep the charters modern and relevant. A hyper-local approach will be expanded in state-level advocacy, while credit union voices at the federal level will become stronger with 12% of the U.S. Senate and 10% of the U.S. House represented within the six states.

“We look forward to delivering on the future that was imagined as we explored the merger,” said Todd Marksberry, MWCUA Board Chair, and President and CEO of Canvas Credit Union in Lone Tree, Colorado. “This will include a vivid focus on advocacy, collaboration through the Association’s Foundation for greater community impact, and documenting and telling the story of that impact to support advocacy and growth.”

Jeff Adams, NWCUA’s Board Chair and President and CEO of Spokane Valley, Washington-based Horizon Credit Union, noted the new Association will provide its member credit unions with an even richer array of professional development opportunities, advocacy opportunities, compliance services and business partnerships.

“Strategic business solutions will position credit unions to be more innovative and to be at the forefront of providing new services which members want and deserve. Educational opportunities will help grow today’s leaders and those of the future,” Adams said.

Additional details about the new organization will be made available as the integration plans are finalized and the consummation date nears.

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About the Mountain West Credit Union Association

The Mountain West Credit Union Association is the regional trade association representing 133 credit unions, 4.2 million credit union members, and $67 billion in assets throughout Arizona, Colorado, and Wyoming. Founded in 2011, the Mountain West Credit Union Association serves and supports the interests of member credit unions through advocacy, community outreach, education and training, public affairs, regulatory and compliance services, and strategic partnerships.

About the Northwest Credit Union Association

The Northwest Credit Union Association is the trade association representing more than 175 not-for-profit, cooperative credit unions in Idaho, Oregon, and Washington, and their 8.1 million consumer members. As not-for-profit cooperatives, credit unions look out for their members’ financial well-being. Learn more about credit union membership. Please visit: https://yourmoneyfurther.com.

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