Civic Federal Credit Union Merger Vote

After a year of planning and preparing, the Civic Federal Credit Union Board of Directors has set the date to move forward with plans to merge into Local Government Federal Credit Union.

What this means
This merger is a formality to bring the two credit unions together. The Civic name and the way you conduct business will remain the same.

Over the past year, Civic has added products and services to our robust, secure digital banking platform, designed to help you keep more of your money and make your financial life easier. We added several new products, including mortgages, Health Savings Accounts (HSAs), Individual Retirement Accounts (IRAs), youth accounts, and a Steady Save savings account — all to help you save for the events that matter most to you.

We know you love mobile banking, but we also listened when members asked for cash solutions for organizational and small business accounts. As a result, we added a network of surcharge-free ATMs and thousands of merchant locations for you to conveniently make deposits across North Carolina. We are also in the process of adding 11 Civic branches across the state, just in case you want to stop in and say “Hi.” And of course, our qualified Experience Center team is already at your fingertips, ready to help you manage your accounts.

Our recommendation
We recommend an APPROVE vote on the ballot.

The proposed merger is desirable and in the best interests of members because the merger will enable us to expand services to the membership, enable a more unified focus on local government, provide greater stability of both credit unions through consolidation, benefit from economies of scale to offer more resources, and provide industry-leading mobile banking, digital services and account features.

The two credit unions are aligned in many areas — including our focus on and deep respect for local government. Recognizing the advantages and alignment, we know that you will benefit from a combined larger institution. We are confident that members will continue to experience the high level of member service you expect from your credit union today.

An APPROVE vote is truly a win-win for all of us.

Details of this merger
The approval to pursue the merger was granted by NCUA in June 2024. A membership meeting to approve the merger with LGFCU is currently scheduled for September 27, 2024, with a completed merger targeted by September 30, 2024.

The Civic Federal Credit Union Board of Directors is pleased to present you, our valued member, with the opportunity to vote on this important recommendation. You will have the opportunity to vote early by mail with the enclosed ballot, online at www.civicfcu.org/merger, or attend the Special Meeting on September 27, 2024, and vote in-person. If you have questions about the merger, or for more information, please visit: www.civicfcu.org/merger.

Thank you for your consideration.

Sincerely

You may review the entire merger election packet here