America's Credit Unions was formed from the merger of the Credit Union National Association (CUNA) and the National Association of Federally-Insured Credit Unions (NAFCU). This significant merger led to the launch of the new organization in 2024.
Understanding the Merger
The consolidation of CUNA and NAFCU under the new identity, America's Credit Unions, marks a pivotal moment for the credit union industry in the United States. This strategic move aims to create a unified and more comprehensive national trade association.
The organizations involved in the merger are detailed below:
| Organization Formed | Merging Entities | Launch Year | Purpose |
|---|---|---|---|
| America's Credit Unions | - Credit Union National Association (CUNA) | 2024 | A national trade association for both state- and federally chartered credit unions located in the U.S. |
| - National Association of Federally-Insured Credit Unions (NAFCU) |
This merger brings together two influential bodies that previously served distinct, though often overlapping, segments of the credit union sector. CUNA represented a broad range of credit unions, while NAFCU primarily focused on federally-insured institutions.
The Role of America's Credit Unions
As a result of this merger, America's Credit Unions now serves as a national trade association dedicated to advancing the interests of the entire credit union movement in the United States. This includes credit unions that are:
- State-chartered: Operating under state regulations.
- Federally-chartered: Operating under federal regulations, including those insured by the National Credit Union Administration (NCUA).
This unified representation is expected to provide a stronger voice for credit unions on legislative, regulatory, and advocacy fronts, ultimately benefiting their members and the communities they serve. For more information, you can visit the America's Credit Unions Wikipedia page.
