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Historic CUNA, NAFCU Merger Approved

The new group will now become America’s Credit Unions.

Hand putting ballot in blue election box Credit/Adobe Stock

The members of CUNA and NAFCU have voted overwhelmingly to approve the merger of the two organizations to form America’s Credit Union.

According to a statement Thursday morning from CUNA and NAFCU officials, of those who voted, 94% of CUNA members and 86% of NAFCU members voted in favor of the merger. Voting ended Wednesday at 5 p.m. and were tallied and finalized by each organization’s independent ballot provider.

In a statement, CUNA President/CEO Jim Nussle said, “I’d like to thank our credit union members who have been engaged throughout this merger process – asking tough questions, holding us accountable, and helping us plan for the future. I am incredibly humbled to lead this new organization and fight for a stronger credit union industry. Your needs will remain our priority as we embark on this transformation over the next several months.”

NAFCU President/CEO Dan Berger added, “This successful vote is a monumental moment for the credit union industry. With Jim at the helm, supported by the Board of Directors’ expertise and leadership, I am confident America’s Credit Unions will prove to be a successful, innovative, and service-first association that will elevate the industry well into the future.”

Nussle will take over the leadership position for America’s Credit Unions and Berger plans to step aside to pursue other opportunities at the end of the year.

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