Members See The Benefit To Partnering with USA Credit Union.
Dianne Addington, President and CEO of T&C Federal Credit Union, has learned of many positive and supportive comments from employees and members regarding the upcoming combination of credit unions.
“Once our members realized that there will be no employee layoffs and our dedication to providing the very best member service will remain our top priority, they were very enthusiastic about joining forces with USA Credit Union”, said Dianne Addington.
Chris DeWitt, T&C Federal’s Vice President of Branch Operations has also heard positive feedback from members. “Initially, we received a few member questions asking if one credit union is taking over the other, or if there would be any changes in products and services. Once our members realized that our branch locations will nearly double, both credit unions are the same size and we plan to offer the best of both products and services, everyone has been very supportive” said Chris DeWitt.
Do Members Have to Vote?
While it has been unanimously supported by both Boards of Directors, this business combination will require a positive member vote by T&C Federal Credit Union Members in August before this partnership can be finalized in late 2008.
Dianne Addington said “This business combination is truly better for all credit union members involved. There are no hidden agendas or motives; it just makes sense to provide T&C Federal Credit Union members with more branches and enhanced product and services. I sincerely hope that all members can easily see the benefits and if they can’t that they call or visit a T&C Federal branch to understand why this is a good thing”.
When will changes for the better take place?
Many members have asked when they will begin to see changes as a result of these combined credit unions.
Dianne Addington said “Our plan is to begin using the new credit union name of Genisys Credit Union more and more during the third and fourth quarter 2008, with a formal name change taking place during the first quarter of 2009. After that, operations will slowly combine through the remainder of next year allowing the partnership to be fully completed by the end of 2009”.
“It’s a very exciting time for both credit unions” added Lon Bone, Vice President of Marketing for T&C Federal “Members of both credit unions have been quick to see the benefits of this upcoming partnership and even more positive about our new credit union name that we will begin to operate under in 2009”.
Please watch for additional updates in the coming months on our monthly newsletter and on our website.
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