MARLBOROUGH, Mass.–The Cooperative Credit Union Association is reporting that its membership continues to grow.
The CCUA said that since 2019 it has added nearly 20 credit unions to its roster, bringing the participation rate for the four-state league to nearly 86%. The association serves CUs in Massachusetts, Rhode Island, New Hampshire and Delaware.
To date in 2021, the CCUA said the following credit unions have joined:
- Coventry Teachers FCU, Rhode Island
- Delaware State Police FCU, Delaware;
- Somerset FCU, Massachusetts;
The association said it has also added as associate members:
- American Eagle Financial Credit Union, Connecticut
- Finex Credit Union, Connecticut
Survey Findings
In February, the CCUA said it sent out a membership survey to gain insights into how members view their relationship with the Association. “The responses revealed its members greatly value the support the CCUA provided throughout 2020, including efforts to help them effectively navigate the pandemic,” the association said.
“As always, and from the onset of the pandemic, we worked tirelessly to support our members,” CCUA President/CEO Ron McLean said. “And we shared that information, education, and advocacy with all credit unions in our area, regardless of affiliation, because it was the right thing to do. By openly sharing our technological resources and expertise, our credit unions were able to focus on helping their members.”
The CCUA said it continues to facilitate dialogue and collaboration among credit unions with both neighboring leagues and preeminent industry leaders nationwide, informing credit unions about compliance, regulatory, HR and other pressing issues as well as coming trends.
Comments Received
According to the CCUA, among the comments it has received are:
- “Cooperation and collaboration are the animating ideas behind the credit union. Finex Credit Union is proud to be part of the Cooperative Credit Union Association and community. We appreciate the opportunities it offers us to network, share ideas, and participate in the future of the credit union movement.” – Michael Palladino, president/CEO, Finex Credit Union
- “DSPFCU is absolutely thrilled to now be a member of the CCUA. I have come to know Ron and his team at the CCUA have among highest standards and performance in the industry when it comes to knowledge, experience, credit union support, advocacy, communication, and resources – especially in compliance and education. DSPFCU is looking forward to our mutually beneficial relationship and membership at the CCUA.” – Vince Setnar, CEO, Delaware State Police FCU
- “A few years ago, we were granted permission to serve residents and businesses in Hampden, County Mass. by the Banking Commissioner in Connecticut, because we have a significant population of members in Massachusetts, especially those that came from our association with Pratt and Whitney and UTC companies. Membership with CCUA has provided a wealth of additional contacts, hints, and new relationships for us to put to good use at our Connecticut-based credit union. Already we have made great contacts and have participated in webinars and C-suite sessions that have been educational and supportive to our membership and staff. We look ahead to strengthening ties with CCUA and its membership.” Dean Marchessault, president/CEO, American Eagle Financial Credit Union.