Fillable NCUA 4221 2002-NCUA_42211-15w

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NCUA 4221 2002-NCUA_42211-15w

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NOTICE OF MEETING OF MEMBERS TO CONVERT
FROM A FEDERAL TO A STATE CHARTERED CREDIT UNION
 FEDERAL CREDIT UNION
(City) (State)
THIS PROPOSITION WILL BE DECIDED BY A MAJORITY OF THE MEMBERS WHO
VOTE.
Notice is hereby given that a meeting of the members of 
Federal Credit Union has been called and will be held at:
on
at o'clock, .M.
for the purpose of considering and voting upon the following resolution:
"RESOLVED, That the  Federal Credit Union be
convertedto a creditunion chartered under the laws of the State
of and that itsoperation under Federal charter be discontinued.
RESOLVED FURTHER, That the board of directors and the officers of this
credit union and are hereby authorized and directed to do all things
necessary to effect and to complete the conversion of this credit union
from a Federal to State-chartered credit union."
The board of directors of this credit union has given careful consideration to the
advantages and the disadvantages of the proposed conversion and believes it to
be in the best interest of the members for the following reasons:
NCUA 4221 PAGE 1
The proposed conversion would result in the following disadvantages or adverse
changes in services and benefits to the members of the credit union:
The proposed conversion would result in the following costs of conversion (i.e.
changing the credit unions name, examination and operating fees, attorney and
consulting fees, tax liability, etc):
The board of directors recommends that the members approve the proposal to
convert to a State charter.
The members' accounts will will not continue to be insured by the National
Credit Union Share Insurance Fund.
Attached is your ballot. You are urged to bring your ballot to the meeting and to
cast your vote after hearing the discussion of the proposal. If you cannot attend
the meeting, you are urged to mark your vote, date and sign your ballot, and
return it to the following address by no later than the date and the time
announced for the meeting of the members:
BY ORDER OF THE BOARD
OF DIRECTORS
TITLE:
(CHAIRPERSON)
TITLE:
(BOARD SECRETARY)
Issued (Date)
NCUA 4221 PAGE 2
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NCUA 4221 2002-NCUA_42211-15w

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Completed 17 February 2020

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