MACU to Formally Integrate with MCUL (Monitor: March 15, 2010)
The MCUL and the Michigan Association of Credit Unions (MACU) will become one united trade association. Having completed the first year of a two-year agreement, a special MACU membership meeting was held Feb. 19 at the Soaring Eagle Resort in Mt. Pleasant to review the progress of the alliance and determine future steps. MACU membership voted to authorize the MACU board of directors to begin complete integration with the MCUL and begin the process of dissolving MACU prior to the expiration of the agreement.
“Consolidation in our industry continues to challenge associations nationwide, and this alliance was formed to provide a single voice for all Michigan credit unions with one strong trade association,” said MCUL President/CEO David Adams. “The arrangement offers member credit unions a united voice in Lansing and Washington, D.C. and provides great value to all credit unions by creating a single source of funding and support for trade association services. This is particularly important in the current climate of economic challenge and opportunity.”
Andy List, chairman of the MCUL board of directors, noted that the current financial services environment requires a unified credit union trade association, and that he welcomes a strong partnership that represents the Michigan credit union community.
“This is good news for Michigan credit unions and their members,” List said. “The MACU credit unions cover a wide range of asset sizes and geographic locations. They have much to contribute to our state association by participating in the legislative lobbying process, networking with colleagues in the MCUL family and contributing ideas for strengthening our credit union community through the power of association.”
During the last twelve months, 18 MACU credit unions have benefited from the MCUL’s advocacy efforts, information and education services, fee-based services and opportunities for networking.