Marking a new phase in league co-operation, the Michigan and Illinois credit union leagues disclosed Monday they have signed a strategic alliance agreement to collaborate on membership and product development.
The two leagues stressed the collaboration deal is "neither a merger agreement nor an intent to merge" but rather a partnering step to work more closely to further the industry mission in sharing services and product enhancement in the two states.
"We believe this agreement will provide credit unions with a wide array of product choices and enhancements in a cost effective manner," said Dan Plauda, president/CEO of the Illinois League adding, "in these tough economic times, we are pleased to be able to take advantage of the strengths the Michigan and Illinois Leagues bring to the table in this area."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.
Already have an account? Sign In
© 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.
