Ukrainian Selfreliance Federal Credit Union Merger Vote

Over the past several months, the Board of Directors of Ukrainian Selfreliance Federal Credit Union (UKRFCU) has explored ways to enhance services and ensure long-term sustainability. After thorough analysis, the Board believes a merger with Self Reliance New York FCU, an institution that shares our values and has greater financial resources, would provide the most benefit for our members.

This merger would combine 145 years of experience, expand access to financial services, and increase community investment. Self Reliance New York FCU will be the continuing charter, however the merged credit union will announce a new name in the second half of 2025. Furthermore, the merged credit union will operate two regional centers in New York City and in suburban Philadelphia to ensure responsiveness to members’ financial needs. The decision to retain Anatoli Murha, UKRFCU’s current CEO, as the CEO of the merged entity strengthens our support for this merger.

Our regulator, the National Credit Union Administration (NCUA), granted approval to pursue this merger on May 22, 2025. A membership meeting to approve the merger with Self Reliance New York Federal Credit Union is currently scheduled for August 12, 2025, with a completed merger targeted by September 30, 2025.

Voting Instructions: Members may cast their vote using one of the following three methods:

1. Online Voting
2. Mail-in Paper Ballot – A voting packet has been mailed
3. In-Person Voting – Attend the Special Membership Meeting on August 12, 2025.

The Special Membership Meeting will take place at the Ukrainian Educational & Cultural Center in Jenkintown, PA. We encourage you to vote in advance of the Special Membership Meeting however you are welcome to vote the day of the meeting based on the schedule below:

Only members who were members as of the Record Date of April 30, 2025, are eligible to vote. To vote, members must also be at least 18 years of age by the Record Date.

The Board of Directors is pleased to present you, our valued member, an opportunity to vote on this very important recommendation. We recommend that you vote to APPROVE on the ballot. It is truly a win-win for all of us.