Late Friday afternoon CUNA announced that its membership has overwhelmingly approved modernizing the trade association’s bylaws. Ninety percent of the membership that voted approved the bylaws; which makes it the most significant changes to the bylaws since 1934. The biggest change will come in 2017 with the membership optionality choice on the national level.
CUNA President/CEO Jim Nussle thanked credit unions for their strong vote of confidence in the bylaws and the credit union system. He says the bylaw updates will help to move credit unions forward.
“This new membership model allows us to enhance and build upon our already strong interdependence with the Leagues. Interdependence has helped us serve the best interests of credit unions for many years,” said Nussle.
CUNA Board Chairman Rod Staatz, who is also president/CEO SECU, Linthicum, MD, said, “What’s more, this new membership model will help us build an even stronger, more effective, and more united credit union system.”