Our regulator, the National Credit Union Administration, has approved the proposed merger of Cal Poly Federal Credit Union and SchoolsFirst Federal Credit Union. The next step is to gain your approval. A Notice of Special Meeting and Ballot are included with this letter. This includes information related to the proposed merger and how you can vote by mail or electronically at https://calpolyfcu.cuballot.com. As a member-owned financial cooperative, it’s our responsibility to represent your best interests. Through this proposed merger, Cal Poly Federal Credit Union members can look forward to:
- Access to more than 65 branches and over 28,000 Free CO-OP ATMs nationwide
- Access to Saturday banking hours
- Access to a Member Contact Center
- Lower fees
- Greater offerings for mortgage loans
- Access to Financial Advisors
SchoolsFirst FCU has earned a reputation for providing exceptional member service along with highly competitive financial products and services. They are the largest credit union in California and the fifth-largest credit union in the nation.
We are excited about this merger and the many benefits it will bring to our members.
We want you to feel confident and
well-informed during the voting process. Please reference the enclosed Notice of Special Meeting and FAQs we’ve included for more details about what this merger means for you.
Your vote is very important. We have scheduled a virtual special meeting at cuballot.com/calpolyfcu-meeting to discuss the merger on March 23, 2021 at 2:30 p.m., which will be the final date and time for members to return their ballots or vote electronically. Members will also have the opportunity to vote at the special meeting.
You can submit comments regarding the merger to the National Credit Union Administration (NCUA) at https://www.ncua.gov/support-services/credit-union-resources-expansion/resources/comments-proposed-credit-union-mergers. You may also mail your comments to: National Credit Union Administration, Office of Credit Union Resources and Expansion, 1775 Duke Street, Alexandria, VA 22314. The NCUA will post comments received from members on its website, along with the member's name, subject to the limitations and requirements of its regulations.
If you have any questions, please contact us at 909.869.6884.
Thank you for your membership.
Cal Poly Federal Credit Union Board of Directors