Dear Members
We are thrilled to announce that Proctor Federal Credit Union has been approved by the National Credit Union Association and the State of Minnesota Department of Finances to merge with Centricity Credit Union to better serve you and our community. This merger will bring many benefits, including enhanced services, more branch locations, and improved financial products.
Why are we merging?
- Enhanced Services: By combining resources, we can offer you a wider range of financial products and services.
- More Locations: You will have access to additional branch locations, making it more convenient for you to manage your finances.
- Improved Technology: We will be able to invest in better technology to provide you with a seamless banking experience.
What does this mean for you?
- Same Great Service: You will continue to receive the same high level of service you have come to expect by the staff that you know.
- New Opportunities: Access to new products and services that were not previously available.
- No Branches Will Close. You will continue to have any access to your current branches and access to Centricity’ additional branches.
- Smooth Transition: We are committed to making this transition as smooth as possible for you. There will be no immediate changes to your accounts, and we will keep you informed every step of the way.
Next Steps
All of our members have received an informational package including a ballot to vote on the merger, November 6th, 2024. We know that there certainly will be some miscommunication in the community and we what to be very transparent and ensure you have the right information about this merger.
If you have any questions or concerns, please call me at 218-624-5761 or email me at dave@proctorfcu.com. You can also ask any of Proctor’s helpful staff.
We value your membership and are excited about the opportunities this merger will bring.
Thank you for your continued trust and support.
Sincerely,
Dave Horak
CEO
Proctor Federal Credit Union
