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League CEOs React to Historic CUNA-NAFCU Merger News

Plus, the national trade groups provide more details about the consolidation process and its potential impact on the industry.

Still shot of Jim Nussle and Dan Berger making a video announcement of the merger Still shot from a video posted to CUNA’s website Tuesday, in which CUNA CEO Jim Nussle (left) and NAFCU CEO Dan Berger announce that they are planning to merge their organizations.

In the fall of 2021, Illinois Credit Union League President/CEO Tom Kane received a call that led to Tuesday’s historic announcement of the proposed merger of CUNA and NAFCU that will create America’s Credit Unions.

“This whole thing started when I received a phone call from now-retired State Farm Federal Credit Union CEO Tom DeWitt, who was the NAFCU chair at the time. Tom knew I was a director on the CUNA board, and he reached out to gauge CUNA’s interest in talking about working together on some things after a long estrangement between the two organizations,” Kane said. “The call was just to help set up a meeting, but at the time I allowed my mind to race to a day like today when the two national trade associations announce a merger.”

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