Let's not even try to fool ourselves. In discussions and the recent white paper on merging the two national trade associations, the 800-pound gorilla in the room has been blatantly avoided: This is really all about CUNA acquiring NAFCU.

NAFCU only has about 800 members from the total number of federal credit unions, just over 5,000 at year-end 2007. However, what NAFCU lacks in numbers, it makes up for in dollars, boasting on its Web site (www.nafcu.org) that its membership captures 80% of the top 100 credit unions.

Many of NAFCU's member CUs have a strong affinity for the group, including two of the largest credit unions in the world: Navy Federal and Pentagon FCU, which are not members of CUNA.

Continue Reading for Free

Register and gain access to:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
  • Educational webcasts, white papers, and ebooks from industry thought leaders.
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.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.