'This merger will provide the opportunity to innovate and strengthen the industry as we respond to the banking challenges of the future'

“The two main credit union associations in the USA, the Credit Union National Association (Cuna) and the National Association of Federally-Insured Credit Unions (Nafcu), have announced their intent to merge…In May the board of directors and executive committees of both organisations voted unanimously to merge, but the move still needs approval from members – a process that will take place over a 60-day voting period.”