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Kansas and Missouri Leagues Announce Intent to Consolidate
Thursday, December 18, 2014 6:35 AM

The Kansas Credit Union Association (KCUA) and Missouri Credit Union Association (MCUA) have announced their intent to consolidate.

"This a not a merger; this is a consolidation," Don Cohenour, MCUA president/CEO, told CUNA News Now. "When you think of a merger, somebody survives and somebody goes away. We're creating a new entity here. With that, we have a new vision. We want to get into payment systems. We want to get into research and development, new products and services. We want to serve our credit unions better and the best way to do that is to have a larger base of credit unions that we're serving."

Over the past three months, a joint task force of five directors from each association's board has met to determine the feasibility of the consolidation, the leagues said. In the next few months the task force will work to solidify a business plan to present to the memberships of both leagues for approval.

In addition to their proximity, both leagues have a history of collaboration. Several years ago, the leagues held a joint annual meeting in Kansas City, Missouri, and have held other shared events in the past. The leagues operated a shared service center together until the late 1990s. They both provide item processing services for their members. Within recent months, the two leagues entered into an agreement through which the Missouri league provides information technology support to the Kansas league.

Details on a new league headquarters have not been determined.