Empty chairs in boardroom Source: Shutterstock

The boards of the Mountain West Credit Union Association and the Northwest Credit Union Association have unanimously voted to recommend the merger of the organizations, which would create the industry’s first six-state league serving more than 300 credit unions and their 12.3 million members.

Both organizations signed a letter of intent on Jan. 20, which kicked off what has been described as a comprehensive due diligence process conducted by the top leaders from both associations to determine the viability of a consolidation.

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Peter Strozniak

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Credit Union Times

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