The boards of directors of the South Carolina Credit Union League and North Carolina Credit Union League voted Thursday to recommend consolidating of the two leagues, continuing a trend of collaboration among state associations.
The votes, made in independent meetings, acknowledge that the resulting league would be stronger and better positioned to serve credit unions in the Carolinas for years to come, said the leagues.
If the consolidation is approved by the leagues’ members, it could be the second consolidation of leagues this year. Members of the Credit Union Association of Oklahoma are set to vote next week on a proposed merger with the Texas Credit Union League and the Arkansas Credit Union League. Texas and Arkansas credit unions already have approved that consolidation into what would be called Cornerstone Credit Union League (News Now April 4).
The Carolina leagues had announced in December that they were considering a merger (News Now Dec. 7).
The new league would draw financial strength and stability from a broader base of credit unions to serve, a solid equity position, and league service corporations with track records of success. Consolidating staff from both organizations would allow the new league to enhance its delivery of core association services: advocacy, compliance and professional development.continue reading »