WALLINGFORD, Conn. — In a surprising turnabout, the ConnecticutCredit Union Association is “going back to its roots” and hasbecome a league again.

|

Leadership of the trade group said the switch to the leaguemoniker made effective over last weekend reflects what it said wasa need to bolster the CU mission at a time “when the movement isbeing tested.”

|

“Look, we never stopped calling ourselves a league and we knowthat name really embodies our philosophy and what we really are andstand for,” explained Kathy Chartier, league chairman andpresident/CEO of Members Credit Union of Greenwich.

|

“Being a league and not an association certainly differentiatesus from those bankers, construction workers, dentists and thelike,” said Chartier noting the change has already been greetedenthusiastically by the membership. Final approval came during theannual meeting in Ledyard May 12.

|

The Connecticut move runs counter to an industry trend spanningthe last 10 years when nearly a half dozen state leagues convertedto association maintaining the league term is antiquated and thatstate and federal lawmakers along with the media are confused aboutwhat constitutes a league.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.