Del-One FCU and Louviers FCU
Potential Merger
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Expanded branch network – Members of the combined credit union will have access to sixteen (16) branch locations.
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Improved technology – The credit union will be better able to continually invest in the latest technology to make managing your finances convenient and simple.
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Greater membership value – The combined deposit and capital base and the economies of scale that would result from this partnership would give us added resources to:
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Offer even greater levels of member service
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Produce a diversification of risk
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Provide new credit union membership opportunities
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Expand our community support programs
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Open branches and additional ATMs in proximity to where members live and/or work
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Offer attractive rates, better accessibility, and lower fees.
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Would there be any layoffs because of this merger?
No layoffs are planned for teammates at Louviers or Del-One as a result of this merger. As a larger organization with more complex operations, it is critical that the organization maintain its strong workforce and all teammates will continue to work for the combined organization.
What if the application is not approved?
While this potential merger provides an amazing opportunity for growth, Del-One is financially sound. This potential merger is simply an option that has been presented to enhance our growth, but a merger is not required for our continued success.
What are the next steps?
The merger application is currently under review by federal regulators. Once regulatory approval is received, the Louviers FCU membership would vote on the merger. The merger would then proceed upon an affirmative vote by the members of Louviers Federal Credit Union. As stated above, we are still in the beginning stages of this process and no final decisions have been made. We will keep you informed as we continue with the discussions.
In closing, thank you for being a member and for the trust you place in us. This potential merger could position Del-One for a stronger, more sustainable future where we can continue to deliver enhanced value and opportunities for you, our loyal members.
Regardless of whether this merger comes to fruition or not, we will continuously invest in our teammates and innovative products and services to reach our north star of making Del-One the easiest place for you to do business!
