COLUMBIA, S.C. and RALEIGH, N.C. (12/7/12)--The North Carolina Credit Union League (NCCUL) and South Carolina Credit Union League (SCCUL) boards of directors announced Thursday their unanimous votes to move forward with a process to formally consider consolidation of the two leagues.
Their votes authorize creation of a six-member consolidation task force consisting of three board members from each state.
The task force will assess whether consolidation best positions both organizations to continue meeting the needs of credit unions in North and South Carolina. Further movement toward consolidation would be subject to approval by each board and the membership of each organization.
"For the past year, the South Carolina Credit Union League board of directors has been engaged in a process to determine the strategic future of the organization," said SCCUL Chairwoman Faye Crocker, acknowledging the retirement of current President/CEO Steve Fowler at the end of 2013.
The two associations history of collaboration, including joint ownership in multiple entities, and they share a foundation and corporate credit union. Credit union leaders in both states know each other and have developed strong working relationships through the years, the leagues said.
"We have established great trust and mutual respect with the South Carolina Credit Union League and its credit unions over the years," said NCCUL Chairman Maurice Smith. "Both boards continue to look to the future to ensure we have the strongest possible league to serve credit unions in the Carolinas for years to come. We look forward to examining that issue through the Consolidation Task Force."
Individuals slated to serve on the consolidation task force include:
- Crocker, Greater Abbeville (S.C) FCU;
- Linda Weatherford of SPC CU, Hartsville, S.C.;
- Nick Wodogaza of Palmetto Citizens FCU, Columbia, S.C.;
- Maurice Smith of Local Government FCU, Raleigh, N.C.;
- Patty Idol of Mountain CU, Waynesville, N.C; and
- Jeff Jones of Freedom FCU, Rocky Mount, N.C.