COLUMBIA, S.C. and RALEIGH, N.C. In the latest consolidation of trade associations, the boards of the South Carolina CU League and North Carolina CU League voted to recommend a merger of two groups.
The announcement follows the proposed merger of the Texas, Arkansas and Oklahoma leagues approved by credit unions in Texas and Arkansas the past two months, with Oklahoma CUs scheduled to vote next week the combination of the Florida and Alabama leagues a few years ago, and of the Oregon and Washington leagues the year before that.
“Our board sees great promise in bringing together these two leagues,” said Maurice Smith, chairman of the North Carolina League, which represents 90 credit unions. “Consolidation provides clear value and sets us on a path to successfully meet the changing needs of credit unions in the Carolinas.”
The South Carolina League was founded in 1934 and represents 69 credit unions.
