News Now
MCUL, Michigan Association of CUs to combine
LANSING, Mich. (3/15/10)--The Michigan Credit Union League (MCUL) and the Michigan Association of Credit Unions (MACU) will become one united trade association, they announced Friday.
The organizations had completed the first year of a two-year agreement, and a special MACU membership meeting was held Feb. 19 in Mt. Pleasant to review the progress of the alliance and determine future steps
MACU membership considered the level of service provided by the league and voted to authorize the MACU Board of Directors to begin the complete integration with the league and begin dissolving MACU before the agreement expires.
"Consolidation in our industry continues to challenge associations nationwide, and that is why the MCUL and MACU alliance was formed--to provide a single voice for all Michigan credit unions with one strong trade association," said David Adams, president/CEO of MCUL.
"This arrangement offers member credit unions a united voice in Lansing and Washington, D.C. It also provides great value to all credit unions by creating a single source of funding and support for trade association services. This is particularly important in this climate of economic challenges and opportunities," Adams added.
MCUL Board Chairman Andy List noted that the current financial services environment requires a unified credit union trade association.
"This is good news for Michigan credit unions and their members," List said. "The MACU credit unions cover a wide range of asset sizes and geographic locations. They have much to contribute to our state association by participating in the legislative lobbying process, networking with colleagues in the MCUL family and contributing ideas for strengthening our credit union community through the power of association."
During the past 12 months, 18 MACU member credit unions have benefited from MCUL's advocacy efforts, information and education services, fee-based services and networking opportunities.
More CU/System
News Now LiveWire
- On Tuesday, the CU movement in the Republic of Korea celebrated 50 years since the country's first CU was established in 1960. See 9/9 NN. - 12 hours ago
- CUNA report: CU CEO pay declined 3.5% in ?09. Thurs NN - 12 hours ago
- NCUA tells CUNA that national registry for potential voluntary merger partners--requested by CUNA--could be ready to go in October. - 13 hours ago
- CUNA is seeking nominations for nine positions on the CUNA Board of Directors. The deadline is Oct. 22 for nominations and seconds. 9/8 NN. - 1 day ago
- Give me that CU business lending, CUNA's Bill Cheney blogs on The Daily Caller http://tinyurl.com/37dtbc3 - 2 days ago
- Sign up; News Now LiveWire on Twitter
