Vermillion Federal Credit Union Merger
NOTICE OF SPECIAL MEETING OF THE MEMBERS OF VERMILLION FEDERAL CREDIT UNION
The Board of Directors of Vermillion Federal Credit Union have called a special meeting of the members of this credit
union on Wednesday, April 19th, 2023, at 4:00 pm at the Main Street Center, 320 West Main Street, Vermillion, SD 57069.
The purpose of this meeting is:
- To consider and act upon a plan and proposal for merging Vermillion Federal Credit Union (hereinafter referred to as “Vermillion”) with and into Voyage Federal Credit Union (hereinafter referred to as “Voyage”), whereby all assets and liabilities of Vermillion will be merged with and into Voyage. All members of Vermillion will become members of Voyage and will be entitled to and will receive shares in Voyage for the shares they own in Vermillion on the effective date of the merger.
- To ratify, confirm and approve the action of the Board of Directors in authorizing the officers of Vermillion, 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 Vermillion 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. Note that each member may vote only one (1) time (e.g., by mail ballot, online, or electronically in-person at the meeting).
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://ncua.gov/support-services/credit-union-resources-expansion/credit-union-merger-resources/comments-proposed-credit-union-mergers or mail to:
NCUA - Office of Credit Union Resources and Expansion
1775 Duke Street
Alexandria, VA 22314
RE: Member-to-Member Communication for Vermillion Federal Credit Union.
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.
You may vote on the proposed merger by mail, electronically in-person at the special meeting, or online at: https://www.cuballot.com/vermillionfcu (Scan QR code to be taken directly to the ballot).
You may view/download the entire Notice of Special Meeting here.
You may view/download the merger ballot here.