Northwest, Mountain West Credit Union Foundation Boards Vote Unanimously to Merge
Posted by Ben Shuey on March 8, 2022
The Northwest Credit Union Association and Mountain West Credit Union Association announced that after a thorough due diligence process revealed numerous benefits to combining the two Associations, both organizations’ boards declared they strongly support and recommend NWCUA and MWCUA merge to become one Association.
Over the past few weeks, the Northwest and Mountain West Credit Union Foundations have also been engaged in a collaborative due diligence process. On Friday, March 4, a joint team presented detailed findings and recommendations to each of the Foundations’ Boards of Directors that make a compelling case for joining the two strong foundations. Both boards voted enthusiastically and unanimously to proceed with the merger.
Board members expressed their excitement about the opportunities this collaboration will bring to member credit unions across Arizona, Idaho, Oregon, Colorado, Washington, and Wyoming.
“As the Credit Union Movement looks toward the future, we know that the impact we have on the community and the financial well-being of every member will be at the center of all we do,” said Gene Pelham, NWCUF Board Chair and CEO of Rogue Credit Union. “I am so excited to see these two organizations coming together. In partnership with credit unions across this incredible six-state region, the combined Foundation will accelerate community impact and improve financial lives.”
Learn More About the Proposed Mergers
Credit unions are invited and encouraged to attend upcoming in-person or virtual gatherings to discuss the proposed NWCUA-MWCUA merger plan. They’ll have the opportunity to hear about the exciting benefits of bringing the associations, foundations, and service corporations together; share their thoughts and ideas; and ask questions. Meeting dates can be found here.
Posted in Foundation.