DENVER/SEATAC, Wash.–After earlier announcing they were entering into due diligence related to potentially merging the two organizations, the Northwest Credit Union Association and the Mountain West Credit Union Association agreed said they have agreed to move forward with a merger.
The decision follows what the associations said was a “weeks-long deep dive executing traditional due diligence, learning from each other about existing programs and services, and exploring what is possible in a next-level credit union association.”
According to the Northwest CU Association—which represents CUs in Washington, Oregon and Idaho—and the Mountain West CU Association—which represents CUs in Colorado, Arizona and Wyoming—the bylaws now call for each member credit union to cast one vote, with balloting open between March 31 and April 12.
Target Date of June 30
The merger is proposed to become official on or before June 30, 2022, with NWCUA President and CEO Troy Stang leading the new association, which if the merger is approved will represent more than 300 credit unions and their 12.3 million members in Arizona, Colorado, Idaho, Oregon, Washington, and Wyoming.
Current MWCUA CEO Scott Earl is retiring.
The associations said a series of in-person and virtual Town Halls is scheduled between now and March 23 to provide additional information.
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