According to the joint press release, Cornerstone League and Heartland Credit Union Association (HCUA) members voted in favor of a merger between the organizations with 263 Cornerstone and HCUA members (out of 283) voted in favor of the merger, clearing the path for the consolidation of the two entities.
The final tallied results: HCUA members voted 121-17; Cornerstone members voted 142-3.
Caroline stated that they began this merger process with credit unions top of mind and as they continue to work toward a successful consolidation. "This business move will continue to be guided by our commitment to our members’ success," she said. "Together with our expanded team and membership, Cornerstone League will achieve scalability and unprecedented value proposition.”
Now that the merger between the two organizations has been approved, Caroline discussed what the next steps are.
Check it out and let us know your thoughts. And be sure to watch the entire episode below for all the details.