On behalf of the board of directors of Niagara Frontier Federal Municipal Employees Credit Union, I am please to share exciting news. We have received regulatory approval to pursue a merger with Niagara Falls Teachers Federal Credit Union, which will be federally chartered as Niagara Falls Teachers Federal Credit Union.
Niagara Frontier Federal Municipal Employees Credit Union board of directors and leadership team support this merger. However, the final decision is up to you. You are being asked to vote on a proposal for a merger with Niagara Falls Teachers Federal Credit Union, located only a couple miles from our location.
This merger represents a partnership between two local credit unions that are committed to members and the communities they serve. Additionally, the combined organization would be better positioned to expand its product, service, and technology offerings in a financial service sector that is constantly evolving.
Your vote is very important, and a merger between Niagara Frontier Federal Municipal Employees Credit Union and Niagara Falls Teachers FCU must have the approval of a majority of members of the credit union voting the proposal. below you will find a Notice of Special Meeting, and a ballot, which include instructions to vote. Should you require additional information, please direct your questions to our attention at nfecunion@verizion, net or call us at 716-284-2161
We recommend that you vote to “APPROVE” the proposed merger with Niagara Falls Teachers FCU. To be counted, your ballot must reach us by May 15, 2025, no later than 1pm.
We greatly appreciate your membership and thank you for your support.
Sincerely,
Phil Young
President
The Board of Directors of Niagara Frontier Federal Municipal Employees Credit Union have called a special meeting of the members of this credit union at Niagara Frontier Federal Municipal Employees Credit Union, 615 Main Street, Niagara Falls, NY 14302, on May 15th, 2025 at 1:00 PM. The purpose of this meeting is:
To consider and act upon a plan and proposal for merging Niagara Frontier Federal Municipal Employees Credit Union with and into Niagara Falls Teachers Federal Credit Union, which will be federally chartered as Niagara Falls Teachers Federal Credit Union hereinafter referred to as the “Continuing Credit Union”, whereby all assets and liabilities of Niagara Frontier Federal Municipal Employees Credit Union will be merged with and into the Continuing Credit Union. All members of Niagara Frontier Federal Municipal Employees 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 Niagara Frontier Federal Municipal Employees 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 Niagara Frontier Federal Municipal Employees 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 Niagara Frontier Federal Municipal Employees 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://ncua.gov/support-services/credit-union-resources-expansion/credit-union-merger-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 Niagara Frontier Federal Municipal Employees Credit Union