HOUSTON-JSC FCU here has disaffiliated from CUNA and the Texas Credit Union League, with its CEO saying it's time to focus on one trade organization.
"We believe it is time for us to support a single trade organization," CEO Michael Brown told Credit Union Journal, referring to JSC FCU's membgership in NAFCU. "The expense for belonging to two organizations with very similar aims we feel is redundant. We have lobbied for a single voice representing the credit union industry for some time without success."
Brown stated that for 2013 the $1.7-billion credit union would not belong to the league or CUNA. "Both CUNA and TCUL are fine organizations and we have nothing negative to say about CUNA or the league. The reasons for this change have been discussed with CUNA and TCUL for the past few years."
CUNA spokesperson Pat Keefe, said, "We respect the credit union's decision, but of course we believe the CUNA/league system offers a unique set of strengths to our movement. We plan to remain in contact with the credit union's leadership with the hope that they will re-affiliate in the future."
TCUL President/CEO Dick Ensweiler added, "We respect the decision made by the executives at JSC. We feel strongly that our league offers a full slate of services, from legislative and regulatory advocacy to training and compliance support, which benefit every credit union in the state. It's our hope that in the future the leadership for JSC will reconsider affiliation."