Sts. Margaret and Gregory Federal Credit Union Merger

NOTICE OF MEETING OF THE MEMBERS OF
Saints Margaret and Gregory Federal Credit Union
(merging)

The Board of Directors of Saints Margaret and Gregory Federal Credit Union have called a special meeting of the members of this credit union at 1499 Dean Drive, South Euclid, OH 44121 on April 27, 2023 at 5:30 p.m. The purpose of this meeting is:

1. To consider and act upon a plan and proposal for merging this credit union [hereinafter called the “Merging Credit Union(s)”] into All Saints Federal Credit Union (hereinafter called the “Continuing Credit Union”), whereby all assets and liabilities of the Merging Credit Union will be merged with and into the Continuing Credit Union. All members of the Merging Credit Union will become members of the Continuing Credit Union and will be entitled to and will receive shares in said Continuing Credit Union for the shares they own in the Merging Credit Union on the effective date of the merger.
2. To ratify, confirm, and approve the action of the Board of Directors of this credit union in authorizing the officers of the Merging Credit Union, subject to the approval of members, to do all things and to execute all agreements, documents, and other papers necessary to carry out the proposed merger.

The Board of Directors of the Merging Credit Union encourages you to attend the meeting and vote on the proposed merger. Whether or not you expect to attend the meeting, we urge you to sign, date and promptly return the enclosed ballot to vote on the proposed merger.

If you wish to submit comments about the merger to share with other members, you may submit them to the National Credit Union Administration (NCUA) at https://www.ncua.gov/supportservices/credit-union-resources-expansion/resources/comments-proposed-credit-union-mergers or mail to:

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.

Please note that the proposed merger must have the approval of the majority of members who vote.

Enclosed with this Notice of Special Meeting is a Ballot for Merger Proposal. If you cannot attend the meeting, please complete the Ballot and return it to:

Electronic voting is also available by selecting the Begin Voting button below.

You may also vote at the Special Meeting.

To be counted, your Ballot must be received by April 27, 2023 at 5:30 p.m.

BY THE ORDER OF THE BOARD OF DIRECTORS: