NE PA Community Federal Credit Union Merger Vote
November 1, 2024
Dear Member,
On behalf of the board of directors of NE PA Community Federal Credit Union (NE PA), I am pleased to share exciting news. We have received regulatory approval to pursue a merger with Utilities Employees Credit Union (UECU).
NE PA’s board of directors and leadership team support this merger. However, the final decision is up to you. You are being asked to vote on a proposal for a merger with UECU.
Unlike bank mergers that are designed to make money for stockholders, this merger represents a partnership between two Pennsylvania credit unions that are committed to members, employees, and the communities they serve. Additionally, the combined organization would be better positioned to expand its product, service, and technology offerings in a financial services sector that is constantly evolving.
Your vote is very important, and a merger between NE PA and UECU must have the approval of a majority of members of the credit union voting on the proposal. Along with this letter, you will find a Notice of Special Meeting, and a ballot, which include instructions to vote. Should you require additional information, please direct questions to our attention at mergerinfo@nepafcu.org .
We recommend that you vote to “APPROVE” the proposed merger with UECU. To be counted, your ballot must reach us by the date and time announced for the meeting and noted on the enclosed ballot.
We greatly appreciate your membership and thank you for your support.
Sincerely,
Todd W. Weitzmann, Board Chair
NE PA Community Federal Credit Union