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Cornerstone CU League & Heartland CU Association Propose Merger

If approved, the consolidation would create a five-state league representing up to 718 credit unions and 14 million members.

two pieces of a puzzle joining two groups together Source: Shutterstock.

Just two months after the Mountain West and Northwest credit union associations merged to create the industry’s first six-state trade group, the Cornerstone Credit Union League and Heartland Credit Union Association announced Thursday they are looking to combining their organizations.

The boards of directors for Cornerstone and Heartland said in a joint prepared statement that they signed a letter of intent to explore a consolidation pending the completion of the due diligence, a vote of both boards on whether to approve a merger agreement, and a vote of credit union members on whether to approve it.

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Peter Strozniak

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