Members overwhelmingly support merger
Thank you, members. You have overwhelmingly voted to approve the merger between Denali Federal Credit Union and Nuvision Credit Union. Effective Oct. 1, we became Denali. A division of Nuvision Credit Union. In the final tally, which concluded Sept. 21, more than 77 percent of voting members supporting the merger.
Here’s some information about the continuing credit union:
- The continuing credit union operates under the Nuvision Federal Credit Union charter, #566. Denali retains the name and branding for a minimum of three years.
- The continuing credit union has more than $2.2 billion in assets and serves more than 170,000 members.
- Credit union branches are located in five states: Alaska, Washington, California, Arizona and Wyoming. Denali remains a part of the CO-OP Financial Services network; as a credit union member, this means you have free or low-cost access to your account at more than 5,500 branches and 30,000 ATMs across the U.S.
- As part of our commitment to serving you, the 15 Denali branches in Alaska and Washington remain open with the same people and commitment to quality member service.
- The credit union will have a capital ratio over 11 percent.
- Nuvision CEO Roger Ballard will serve as CEO of the combined credit union.
Mergers have been a part of the fabric of Denali since we first formed in 1948. We look forward to the continuing success of the credit union, and thank you for your membership.
Denali and Nuvision unite
Welcome from CEO Roger Ballard
Dear Valued Member,
Recently, the members of Denali Federal Credit Union overwhelmingly approved a merger with Nuvision Credit Union. We are honored to take on the responsibility of caring for Denali members, and as your new partner, we are very proud to welcome you to our new combined credit union.
As a Denali member, I’m sure you’re aware of Denali’s history so let me share a bit of Nuvision’s history. We started more than 80 years ago as the credit union for Douglas Aircraft. It was there — in the factories and plants of the Southwest — that our commitment to serving hard-working individuals began. Ever since then, serving those individuals has been our top priority.
We’ve been heavily involved in every community we reach and have grown to serve the needs of all hard-working people in Southern California, Arizona, Wyoming, and now Alaska and Washington. This exciting new chapter is just one way we hope to continue the tradition of people helping each other build a better life. We take pride in the fact that we’ve been a strong partner, helping our members with important financial decisions and their future life goals. Now, we look forward to serving the Denali community and helping you with the life you build.
Our goal is to build an even greater credit union that is stronger, provides you with enhanced technology and resources that make your banking easier, and offers you the best products and services available.
We know that change can be difficult, so I want to reassure you that we are doing everything possible to make this transition a pleasant experience. Former Denali CEO and President Bob Teachworth and I have been working with our leadership teams, reviewing all of our systems and member interactions to ensure that over the next few months all your transactions and banking experiences will be seamless and enjoyable.
The next big milestone you can look forward to is on April 1, 2019, when the two organizations become one operational organization. We will be communicating with you along the way through email, the Denali website, and personal letters like this. In the meanwhile, if you have any questions regarding this merger, you may send your questions to [email protected].
We look forward to serving you and helping you with the life you build!
Chief Executive Officer
Nuvision Credit Union
What does the merger mean to members?
In the near-term, you will not see many major changes to your account. For example:
- Direct deposits will continue to be deposited to your account (this includes Alaska Permanent Fund checks).
- Automated withdrawals to pay bills from your account will continue to be processed normally.
- You can continue to use your existing checks. At some point — probably two or three years from now — members may be required to discontinue the use of any old checks they may have, but current checks will be accepted for the time being.
- You can continue to use your Denali VISA debit and credit cards. When your card expires, we will send you a new card to use.
- Our branch network remains in place; all 15 Denali FCU branches remain open with the same people whom you’ve come to know and trust as your financial professionals. We also remain a part of the CO-OP Financial Services Shared Branch/ATM network, so you can still use more than 5,500 shared branches and more than 30,000 shared ATMs with no or minimal cost.
Your membership in Denali. A division of Nuvision Credit Union means you are treated as more than just a number. You are a valued owner/member of this cooperative, and we will continue to treat you with the personal touch you expect.