Notice of Special Meeting of the Members on Proposal to Merge allU.S. Credit Union
On October 8, 2021, the Board of Directors of your credit union approved a proposition to merge allU.S. Credit Union (allU.S.) with Pentagon Federal Credit Union (PenFed). You are encouraged to attend a special meeting of your credit union on August 1, 2022 at 5:00pm PST, either in person at 1410 N. Main St., Salinas, CA 93906 or virtually, in accordance with the instructions in the Voting Information section below.
Purpose of the Meeting
The meeting has two purposes:
- To consider and act upon a proposal to merge our credit union with PenFed, the continuing credit union.
- To approve the action of the Board of Directors of our credit union in authorizing the officers of the credit union, subject to member approval, to carry out the proposed merger.
If this merger is approved, our credit union will transfer all its assets and liabilities to PenFed. As a member of our credit union, you will become a member of PenFed. On the effective date of the merger, you will receive shares in the continuing credit union for the shares you own now in our credit union.
Read the full Notice of Special Meeting here.