CUNA-NAFCU Merger Approved

Members of CUNA and NAFCU have approved the proposed merger of the two credit union trade groups.

In announcing the results of the voting, which closed Tuesday, the two groups said that of those voting, 94% of CUNA members and 86% of NAFCU members voted in favor of the merger.

The merged organization, which will be known as America’s Credit Unions, legally will be formed on Jan. 1, 2024.

What They’re Saying

CUNA President/CEO Jim Nussle will head the new group.

“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,” Nussle said, in a statement.

NAFCU President/CEO Dan Berger, who will not be joining the new group, called the merger a “monumental moment for the credit union industry.”