COLUMBIA, SC and RALEIGH, NC (August 22, 2013) -- Affiliated credit unions in North and South Carolina voted overwhelmingly to consolidate the South Carolina Credit Union League (SCCUL) and North Carolina Credit Union League (NCCUL) to create the Carolinas Credit Union League (CCUL), which begins operation on January 1, 2014.
SCCUL members voted 43-2 in favor of consolidation, while NCCUL affiliates voted 52-2 in favor. The vote caps a thorough review process that commenced in December 2012.
“Both leagues are coming into this consolidation from positions of strength and view this as an opportunity to enhance delivery of core services to affiliated credit unions in the years to come,” said Faye Crocker, current SCCUL chairwoman and incoming CCUL board member. “Creating the CCUL today ensures our league can be a vital part of the success of credit unions in the future.”
“Staff at both leagues will be focused on combining operations in the months ahead while delivering the services that credit unions value on an ongoing basis,” said NCCUL chairman Maurice Smith. “We’re fortunate to have a gifted group of professionals working together to create this new enterprise. We think credit unions will be thrilled with the results of their work.”
Current NCCUL President John Radebaugh will serve as President of the CCUL. Radebaugh and retiring SCCUL President/CEO Steve Fowler will lead staff through the transition in the months ahead.
The North Carolina Credit Union League is the state trade association for 85 NC credit unions. Credit unions are not-for-profit financial institutions that are owned and controlled by their members. More than 3.3 million people in NC are members of a credit union. For more information on credit unions, please visit www.asmarterchoice.org.
The South Carolina Credit Union League was founded in 1934 with significant involvement of credit union pioneer Roy F. Bergengren. The association of 69 credit unions based in the Palmetto State exists to enhance their long-term success and viability. South Carolina’s not-for-profit institutions protect assets exceeding $10 billion that belong to more than 1.3 million members.