Notice of Meeting of the Members of YS Federal Credit Union to Merge
The Board of Directors of have called a special meeting of the members of this credit union at 217 Xenia Avenue on December 14, 2023, at 5:30 p.m. The purpose of this meeting is to:
- To consider and act upon a plan and proposal for YS Federal Credit Union with and into Bridge Credit Union (hereinafter referred to as the “Continuing Credit Union”), whereby all assets and liabilities of YS Federal Credit Union will be merged with and into the Continuing Credit Union. All members of YS 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 YS 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 YS 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 YS 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.
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/support-services/credit-union-resources-expansion/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 YS 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.
To be counted, your Ballot must be received by December 14, 2023.