NJCUL Hosts First Town Hall Meeting in Mt. Laurel for Members Regarding New Organization

MT. LAUREL, N.J. – NJCUL Chairman Andy Jaeger and President/CEO David Frankil led a Town Hall Meeting for NJCUL-member credit unions at Carlucci’s Waterfront in Mt. Laurel on Thursday to provide an overview of the plan for the new organization with the Pennsylvania Credit Union Association (PCUA).

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NJCUL Board members David Ardire, Jim Burns, Ernie Huggard, Steve Lardiere, Annemarie Shinn, and Tracy Sussmann were also in attendance, as well as NJCUL SVP of Compliance and Regulatory Affairs Nicola Foggie and VP of Marketing and Communications Marissa Anema.

New Jersey credit unions also had the chance to meet PCUA Senior Vice President of Marketing and Communications Mike Wishnow and Assistant Vice President of Marketing & Communications Carol Fastrich.

Frankil provided an overview of why the two organizations are exploring this combination, and how it presents a compelling opportunity to leverage assets and scale with the new organization’s visions and value for members, and more.

“This combination of equals will create a new, vibrant organization that provides compelling member value,” Frankil stated, “Becoming one of the largest regional trade associations in the country will enable us to offer more value to credit unions of all sizes.”

The second in the series of member-only Town Hall Meetings will take place today, Friday, April 12th at 11 a.m. at Luciano’s in Rahway.

NJCUL-member CUs that are unable to attend this week’s Town Hall Meetings have the opportunity to hear from NJCUL on two additional dates. Join us on Thursday, April 18th for a Town Hall Webinar and/or on Wednesday, April 24th for a Town Hall Meeting at the NJCUL Office in Hightstown.

The membership of both NJCUL and PCUA must vote in favor of the combination for it to be consummated. NJCUL membership voting packets as well as delegate registration forms were sent this week to CEOs/Managers. Voting will open May 1st and close on May 15th.

Credit unions can reach out to NJCUL President/CEO David Frankil at dfrankil@njcul.org or NJCUL Chairman Andy Jaeger at ajaeger@cunj.org.