WASHINGTON—CUNA Monday announced that it plans to distribute its revised bylaws to member CUs and the leagues next week, asking for a vote on the changes.
In December, the CUNA board voted in favor of presenting to its affiliated member CUs the most significant revision of its bylaws since the association was formed in 1934. Under the proposed bylaws changes, credit unions will likely be given a choice of belonging to their state league only, belonging only to CUNA, or having membership in the traditional league/CUNA model.
In a letter to member CUs, CUNA Board Chair Susan Streifel said the voting period will open once the bylaws materials are distributed, and will close mid-March. Streifel said the voting period purposely spans the dates of the upcoming Governmental Affairs Conference in Washington (February 21-25).
In the letter Streifel said the CUNA board is recommending that members vote to approve the adoption of the bylaws “to modernize our structure and enable us to be more nimble, effective and accountable in serving your needs.”
Next week, the restated bylaws, the current bylaws and a summary of the restatement will be provided to all CUNA member credit unions and leagues along with the notice/ballot for the membership vote, Streifel said.
If the restated bylaws are approved by CUNA member credit unions and leagues, Streifel said CUNA will implement the changes for the 2017 affiliation cycle.