The boards of the Kansas Credit Union Association and Missouri Credit Union Association said Monday they have signeda letter of intent to develop the framework for a proposedconsolidation of the organizations.

Don Cohenour, president/CEO of the Missouri association, said heand Marla Marsh, president/CEO of the Kansas association, have beentalking about a possible consolidation for about a year.

About three months ago, the associations formed a jointcollaboration task force to explore the possibility ofconsolidation. After meeting twice, the task force gave the greenlight to develop a business plan that will detail how the newassociation would operate and how it would be governed.

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