An Important Step for the
Newspaper Employees Credit Union
After extensive research and deliberations lasting many months, your Board of Directors has approved a proposal to merge our credit union with the much-larger American United Federal Credit Union based here in Salt Lake County.
The merger will combine two strong credit unions—one large and one small—and will provide for our members a vastly expanded menu of services and choices for managing your finances.
A crucial step will be obtaining your approval for the proposal, which we are seeking at a special meeting for members on Friday, August 9 at 4 p.m. in the MediaOne Building. Please plan to attend and participate in this important decision.
American United's Family of Credit Unions started more than 60 years ago as the credit union for Fort Douglas and Veterans Administration employees on Foothill Drive. Today the credit union has over $150 million in assets. (Recently, through a merger, AU absorbed Credit Union One, a credit union formed 60 years ago by UTA, IGA and Union Pacific Railroad employees.)
We have become acquainted with the managers and board members of this forward-looking and technologically-savvy credit union and we like what we see. Without any requirements placed on you, the members, you will become members of the American United Credit Union with our same shares, same loans and terms of membership that you have now.
But you will now be able to choose from six more branch offices (most with drive-thru access) and expanded services that include mobile banking, many more ATM locations, real-time account access, several forms of mortgage loans, business loans, and other loan programs that can be tailored to your individual needs.
At the special meeting on August 9, you will be able to have your questions about the proposed merger answered by American United's top managers. We have already asked those questions ourselves—and we like what we heard.
See American United's web site for further information.
See our Frequently Asked Questions page.