The North American Retail Dealers Association (NARDA) board of directors and the board of the United Servicers Association (USA) plan to merge the two organizations into one not-for-profit trade association.
"The partnership between NARDA and USA created through The Service & Retail Convention (SRC) and numerous other areas of common interest laid the foundation for one cohesive association that can bring greater value to our members and better address challenges and opportunities," said Paul MacDonald, president of the USA board. "Industry consolidation is here to stay. We are not only better off as one organization, we are excited about the many potential opportunities ahead."
Leon Barbachano, NARDA board chairman, said USA will become the Service Division of NARDA and take one of seven board seats on NARDA's reorganized Board. "USA members will bring NARDA additional expertise in the Service arena. USA members are well known for being among the best of the best servicers. The merger further demonstrates NARDA's commitment to the Service segment of the business."
NARDA and USA will be headquartered in Glenview, Illinois, which is NARDA's current home. Officers and directors of the merged organization will be announced in the coming weeks after approval by the general memberships and completion of the merger agreement.
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