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Virginia, D.C. Leagues Exploring Possible Merger

LYNCHBURG, Va. - The Virginia Credit Union League and District of Columbia Credit Union League, which have had a management agreement for more than six years, are the newest credit union leagues to talk of merging. VCUL Board Chairman Bill Cook has appointed a committee to examine governance issues as...

By Staff Writer | Updated on March 08, 2005

LYNCHBURG, Va. – The Virginia Credit Union League and District of Columbia Credit Union League, which have had a management agreement for more than six years, are the newest credit union leagues to talk of merging. VCUL Board Chairman Bill Cook has appointed a committee to examine governance issues as a basis for submitting the merger proposal. VCUL President/CEO Rick Pillow said the D.C. League initiated the merger talks. He said the D.C. League Board approached VCUL about submitting a merger proposal, and the Virginia League Board had to present a proposal to D.C. in early March. A merger proposal would require approval of each League’s respective membership. The VCUL has 212 member CUs, and 72 CUs are affiliated with the D.C. League.

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