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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


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