(Aug. 13, 2021) A mutual membership alliance between NASCUS and the African-American Credit Union Coalition (AACUC) was announced this week, with the aim of strengthening the state credit union system and enhancing diversity, equity, and inclusion (DEI) engagement strategies within the industry, the groups said.
The alliance results in AACUC holding associate member status with NASCUS, and NASCUS maintaining a corporate membership with AACUC.
“With the NASCUS mission focused on forging a vibrant dual charter system and a strong, healthy state charter option, this partnership enhances dialogue among regulators and state credit unions while also promoting personal and professional growth within the state system,” said NASCUS President and CEO Lucy Ito.
AACUC was founded in 1999 to increase the strength of a global credit union community through professional development and advocacy. It includes in its membership credit union practitioners and volunteers, and groups from insurance, regulatory agencies, consultants and others in the credit union system. Renée Sattiewhite is president and CEO.
“AACUC and NASCUS are structured to create a fair and equitable industry while encouraging growth and living the ‘people helping people’ philosophy,” Sattiewhite said. “I look forward to deepening our collaborative relationship and working together to make a positive lasting impact on the lives of millions of Americans.”
The alliance, according to both groups, will result in members from each organization with the opportunity to learn best practices, expand their knowledge of real-world issues, and deliberate on the regulatory landscape. The groups also noted that the alliance offers the opportunity to expand diversity, equity and inclusion (DEI) initiatives within the state system.