Notice of Meeting of the Members of Wor-Co Federal Credit Union
The Board of Directors of Wor-Co Federal Credit Union have called a special meeting of the members of this credit union at 1506 Market Street Pocomoke City, MD 21851 on February 22, 2022 at 4:30pm. The meeting will be held in-person as well as virtually at https://www.cuballot.com/worcofcu-meeting.
The purpose of this meeting is:
- To consider and act upon a plan and proposal for merging Wor-Co Federal Credit Union with and into First Financial of Maryland Federal Credit Union (hereinafter referred to as the “Continuing Credit Union”), whereby all assets and liabilities of the Wor-Co Federal Credit Union will be merged with and into the Continuing Credit Union. All members of Wor-Co Federal Credit Union will become members of the Continuing Credit Union and will be entitled to and will receive shares in the Continuing Credit Union for the shares they own in Wor-Co Federal Credit Union on the effective date of the merger.
- To ratify, confirm and approve the action of the Board of Directors in authorizing the officers of Wor-Co Federal 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 Wor-Co Federal 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. You may also choose to vote online by selecting the Begin Voting button below.
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 CU Ballot - Election Processing P.O. Box 3156, Dublin, OH 43016 or vote online by selecting the Begin Voting button below. To be counted, your Ballot must be received by February 22, 2022 by 4:30pm. Online voting will be available for those who choose to attend the meeting in person.
BY THE ORDER OF THE BOARD OF DIRECTORS