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Michigan Credit Union League

MCUL Praises Revised CUNA Bylaws and 'Dues Choice' Initiative

The Michigan Credit Union League is praising the news that CUNA’s revised bylaws proposal—soon to be voted on by member credit unions—does not require joint affiliation, and includes the option to independently join the trade association or to affiliate with a state league without joining CUNA.

According to CUNA documents, “The proposed bylaws provide credit unions with a choice of whether to belong to their league, CUNA or to both. While we firmly believe that belonging to both your state league and CUNA provides the most value to members, we also believe that it is your prerogative to make that decision.”

CUNA’s Board of Directors last week voted to adopt the new bylaws, which will now move on to a full vote from the membership.

“The Michigan Credit Union League strongly encourages our member credit unions to vote in support of these changes that will allow direct membership in CUNA and thereby encourages ‘dues choice’ across the national credit union system like we now have in Michigan,” said MCUL President & CEO Dave Adams, adding that the bylaw changes will require a two-thirds majority vote in order to pass. “We’re proud that MCUL has led out in encouraging these important changes. Our Strength in Unity campaign encourages all credit unions to affiliate voluntarily with both MCUL and CUNA, and support our cooperative initiatives to help improve the operating environment and consumer awareness for credit unions.”

The trade association announced in early December that the board would be voting on revised bylaws, and this move is another step in the direction of allowing for dues choice throughout the credit union industry.

According to CUNA Board Chair Susan Steifel, members must now vote on membership choice, board structure and governance, and how to address CUNA’s due formula. Approving these measures, she said, will “modernize our structure and enable us to be more nimble, effective and accountable in serving [credit unions’] needs.”

Voting is expected to conclude in mid-March. Credit unions are encouraged to discuss the proposed bylaws with CUNA staff during CUNA's Governmental Affairs Conference, Feb. 21-25 in Washington.

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2016-02-08 00:00:00