WASHINGTON — When National Association of Community Credit Unions Executive Director Marc Selvitelli said he would be leaving the organization in February of this year for another opportunity, NACCU had to rethink its purpose and even its existence.

NACCU Chairman Marcus Schaefer, president and CEO of Truliant Federal Credit Union, made the announcement during a membership luncheon held at the association's annual meeting going on last week in Las Vegas. After deliberation, he said the NACCU Board voted unanimously for the recommendation and that "NACCU and CUNA now share the same purpose to promote, support, represent, serve and improve the business conditions and common interests of community credit unions." A full membership vote will take place later this year.

CUNA will be assuming NACCU's activities. The largest credit union trade association has agreed to name four members of the NACCU board to a CUNA committee addressing community credit unions, continue the annual community credit union conference, continue the Community Credit Union of the Year award, and develop white papers and events specific to community credit unions.

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