The Board of Directors and management have carefully considered the advantages of converting from a State Charter to a Federal Charter and believe it is in the best interest of Members Exchange Credit Union and our membership for the following reason:
• Member interactions, accounts, and experience will not be impacted in any way.
• Increase Members Exchange Credit Union’s ability to expand services to members through an extended market area.
• Expense savings and efficiency gains are offered to Federal Chartered credit unions.
• And so much more!
RESULTS ARE IN!
We are excited to announce that on April 26th at 4 PM, MECU members voted to approve the conversion from a state-chartered credit union to a federal credit union. The total number of members who voted FOR the conversion was 211, and the total number of members who voted AGAINST the conversion was 35. Thank you to all the members who submitted their votes or attended the special meeting. The Charter conversion is not yet in effect. As mentioned before, you will not see any changes to your accounts.