In an era of participatory politicking when Facebook, Twitter and other digital tools can turn any citizen into a lobbyist, have traditional trade associations entered their twilight years?
VCUL praises CU's leadership while CUNA stresses industry unity.
Two billion-dollar credit unions are currently seeking to convert to a bank charter. Another, HAR-CO Maryland FCU with a not-insignificant $193 million in assets, is also seeking a conversion. These credit unions, if successful, will necessarily leave the credit union trade associations and the NCUSIF.
The 144,000-member, $1.6 billion Apple Federal Credit Union, Fairfax, Va., has become the first large credit union to leave CUNA this year. Three other large CUs, two from New Mexico and one from Texas, left the trade group last year.
This week’s disclosure that Apple FCU has resigned from the Virginia Credit Union League and CUNA comes amidst discussion of a major restructuring move by the state trade group including relocating its headquarters.
Apple Federal Credit Union has become the first large credit union to leave CUNA this year.
Credit union mergers don’t always have to be quickie marriages or emotionally driven consolidations.
Merger to help $1 billion Apple FCU build member base in the Prince William County school system.