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Credit union groups plan to merge after ‘long estrangement'

Jim NussleCredit Union National Association and National Association of Federally Insured Credit Unions awaiting member approvalThe always competing, sometimes cooperating Credit Union National Association and National Association of Federally Insured Credit Unions have agreed to merge at year-end, pending approval by members. The boards of both organizations unanimously approved the merger in May, the two groups said in a statement.Jim Nussle, CEO of the $70 million-revenue CUNA, will lead the combined organization, which will be called America's Credit Unions. Dan Berger, CEO of the $19 million-revenue NAFCU, will pursue other opportunities after assisting with the… Read More