Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Illinois Michigan leagues announce alliance
NAPERVILLE, Ill. And LANSING, Mich. (1/4/11)--The Michigan and Illinois credit union leagues have entered into a strategic alliance, with both leagues stressing the agreement was neither a merger agreement nor an indication of an intention to merge.
Click to view larger image From left, Michigan Credit Union League and Affiliates CEO David Adams and Illinois Credit Union League President/CEO Dan Plauda announce an alliance between the two organizations. (Photo provided by Michigan and Illinois credit union leagues)
In a press release, the leagues stated “the agreement expresses each state’s desire to seek ways to collaborate, share services and partner on product development on behalf of credit unions in the two Midwest states.” “This collaboration will provide economies of scale that credit unions nationwide can tap into when expanding or growing products,” said Illinois Credit Union League President/Chief Executive Officer Dan Plauda. Michigan Credit Union League CEO David Adams also reinforced the need for collaboration. “There is a remarkable lack of overlap in our product areas,” Adams said. “We think this creates great opportunities for joining forces either formally or informally in order to share our strengths and visions in each state.” Each league’s management met in Chicago on Dec. 16 and 17 in what was the final of several meetings to organize the arrangement between the two state leagues. The strategic alliance does not require any kind of formal combination of the two organizations, though both organizations cited the alliance as a first step toward more formal collaboration


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
1 Day ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
1 Day ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
1 Day ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
20 minutes ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
58 minutes ago