Newsroom
Dues details for America’s Credit Unions sent to CUs
Gary Grinnell and Lisa Ginter, chairs of the NAFCU and CUNA Boards of Directors, respectively, sent members of CUNA and NAFCU an update on the proposed membership dues structure, should the merger to America’s Credit Unions be approved. They stressed “that creating a clear, effective dues structure is a top priority.”
“It’s important to reiterate that all decisions on this structure were driven by a shared commitment to the collective needs of our memberships,” Grinnell and Ginter wrote. “These decisions were made at the Board level, with input from both Jim Nussle and Dan Berger, in addition to outside legal consultants. Members of both CUNA and NAFCU Boards of Directors voted unanimously in support.
“We hope this clarifies many of your questions and underscores our prioritization of transparency. We truly believe the formation of America’s Credit Unions is an opportunity to better serve our collective membership, lead the industry into the future, and ensure the growth and prosperity of all credit unions. We encourage you to join us in voting in favor of this merger. The voting period is set to begin August 28, 2023.”
Existing credit union members will receive dues invoices from their respective association(s) later this year for 2024, which will be calculated using the same methodology in effect as of Dec. 31, 2023. The email to CEOs provides additional breakdown of dues as CUNA and NAFCU transform into America’s Credit Unions, and the chart will also be available online.
Credit unions are encouraged to continue providing feedback on the proposed merger throughout the vote period.
Share This
Related Resources
Add to Calendar 2024-06-26 14:00:00 2024-06-26 14:00:00 Gallagher Executive Compensation and Benefits Survey About the Webinar The webinar will share trends in executive pay increases, annual bonuses, and nonqualified benefit plans. Learn how to use the data charts as well as make this data actionable in order to improve your retention strategy. You’ll hear directly from the survey project manager on how to maximize the data points to gain a competitive edge in the market. Key findings on: Total compensation by asset size Nonqualified benefit plans Bonus targets and metrics Prerequisites Demographics Board expenses Watch On-Demand Web NAFCU digital@nafcu.org America/New_York public
Gallagher Executive Compensation and Benefits Survey
preferred partner
Gallagher
Webinar
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 The Evolving Role of the CISO in Credit Unions Listen On: Key Takeaways: [01:30] Being able to properly implement risk management decisions, especially in the cyber age we live in, is incredibly important so CISOs have a lot of challenges here. [02:27] Having a leader who can really communicate cyber risks and understand how ready that institution is to deal with cyber events is incredibly important. [05:36] We need to be talking about risk openly. We need to be documenting and really understanding what remediating risk looks like and how you do that strategically. [16:38] Governance, risk, compliance, and adherence to regulatory controls are all being looked at much more closely. You are also seeing other technology that is coming into the fold directly responsible for helping CISOs navigate those waters. [18:28] The reaction from the governing bodies is directly related to the needs of the position. They’re trying to help make sure that we are positioned in a way that gets us the most possibility of success, maturing our postures and protecting the institutions. Web NAFCU digital@nafcu.org America/New_York public
The Evolving Role of the CISO in Credit Unions
preferred partner
DefenseStorm
Podcast
AI in Action: Redefining Disaster Preparedness and Financial Security
Strategy
preferred partner
Allied Solutions
Blog Post
Get daily updates.
Subscribe to NAFCU today.