NYCUA to provide membership choice in 2016
ALBANY, NY (December 11, 2015) — The New York Credit Union Association’s board of directors unanimously approved a motion today that will give credit unions the choice of joining NYCUA without having to join the Credit Union National Association. The change in membership requirements will take effect Jan. 1, 2016.
The decision to update NYCUA’s membership requirements came after the NYCUA board analyzed results of a statewide survey that gathered feedback from 169 New York credit union leaders. The survey found that nearly 80 percent of respondents supported the choice to join NYCUA without being required to also join CUNA.
In early November, the NYCUA board passed a resolution that called on the CUNA board to modernize its membership bylaws in a way that would lead to more consensus within the credit union movement and empower credit unions with options on membership requirements. This week the CUNA board acted in support of the resolution and voted to pursue proposed bylaw amendments to accommodate membership optionality. Those amendments will be put to a membership vote in 2016.
“The action by the New York Credit Union Association’s board demonstrates a commitment to being responsive to our members and a move forward for this organization,” said NYCUA President and CEO William J. Mellin. “I want to recognize the CUNA Board for their leadership in initiating the process to modernize their membership requirements. I also commend the Association Board for their leadership and the approach they took in responding to our members and working with CUNA to modernize membership requirements.”
During today’s meeting, the NYCUA board also reaffirmed their commitment to working with CUNA and others to position credit unions as the best financial partners for Americans.
About The New York Credit Union Association
For more than 100 years, the New York Credit Union Association has served as the trade association for the state’s credit unions, which collectively hold more than $83 billion in assets and serve 5.9 million members. NYCUA strives to advance the credit union movement by advocating, educating, uniting and supporting the interests of all credit unions statewide. To learn more about NYCUA, visit www.nycua.org. To find a credit union or learn more about the credit union movement, visit yourmoneyfurther.com.
