FAQs

After carefully evaluating the MD|DC Credit Union Association’s long-term future, its Board of Directors determined that exploring a potential merger is an appropriate path forward and warrants further evaluation through due diligence. The decision to consider a potential merger reflects several years of strategic discussion about the impact of increasing industry pressures, including credit union consolidation and tightening of business partner revenue.

The Board believes a potential merger with MD|DC Credit Union Association could preserve the Association’s personalized service and regional expertise while expanding advocacy capacity, support for small credit unions, business solutions, education, and compliance resources.

No, the letter of intent is non-binding. It establishes a framework for The League of Credit Unions & Affiliates and the MD|DC Credit Union Association to conduct due diligence and evaluate whether merging the two organizations would benefit their members and organizations.

The Master Services Agreement is a separate agreement between The League of Credit Unions & Affiliates and the MD|DC Credit Union Association and pertaining to management and operations while the organizations evaluate a potential merger. It is intended to support continuity during that process.

Under the agreement, John Bratsakis will continue to serve as CEO of the MD|DC Credit Union Association for up to 12 months, providing strategic leadership during the evaluation process. However, the ultimate decision to merge will be determined by the MD|DC Credit Union Association Board and members.

Following due diligence, the Boards will determine whether to approve a definitive merger agreement. If the boards decide to proceed, a timeline will be established and members will be engaged through town halls and other outreach, with a formal membership vote to follow.

Yes, member feedback will be an important part of the process. If the organizations move forward with a formal merger proposal, members will have opportunities to ask questions and provide feedback through town halls, direct outreach, and other engagement activities before any required approval process is completed.

Additional information will be provided as the process progresses. If the organizations decide to advance a formal merger proposal, members will receive information about the proposed structure, anticipated timeline, expected benefits and considerations, governance, and any required approval or voting process.

A merger is intended to strengthen The League of Credit Unions & Affiliates’ long-term sustainability in an increasingly consolidating industry. Potential benefits include greater organizational capacity, broader expertise, and stronger operational support. The League’s Board expects that the combined organization would be better positioned to serve members, respond to industry change, advance advocacy priorities, and deliver high-quality programs and services.

No immediate changes are anticipated while due diligence is underway. Members will continue to have access to The League’s services, events, communications, and advocacy support.

Our focus is on maintaining continuity, preserving the talent and expertise of the current team, and supporting employees throughout a thoughtful and well-managed transition.

If, based on the results of due diligence, either Board determines that a merger is not in the best interests of its organization and members, the organizations may decide not to proceed. The letter of intent is non-binding, and each organization retains the ability to continue operating independently.