Important Merger News -- An Exciting Future as Nuvision Credit Union!
Dear Valued Member:
We're very pleased to announce that the membership of Cooperative Center Federal Credit Union approved a resolution to merge with Nuvision Credit Union on March 14, 2024. As a result, beginning June 1, 2024, you will become a valuable member-owner of Nuvision Credit Union.
Cooperative Center and Nuvision share a long history of making a positive difference in the lives of members. Through this partnership, we're honored to continue that legacy and bring you and your family the best value for your membership with many new benefits. We invite you to visit Nuvision's website at nuvisionfederal.com to see all the products and services your new credit union will offer you in the near future.
For right now, please continue to conduct your financial transactions as usual. You will receive important information in the coming months about our integration plans, any changes to your accounts, and all the new benefits that will soon be available to you. Please rest assured that we'll be with you every step of the way to make this transition as easy and smooth as possible.
We welcome your questions and feedback, and have attached more information about what this merger means to you. Please don't hesitate to contact us at 510-845-6428 x 1518 or [email protected] if you have any additional questions.
Please look for important information coming soon. In the meantime, we want to thank you for your continued loyalty. We value your membership and couldn't be more excited about our future together!
Sincerely,
Roger Ballard
President/CEO, Nuvision Credit Union
Fadhila Holman
President CEO, Cooperative Center Federal Credit Union
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Now That The Merger Is Approved, What Happens Next?
For right now, you should continue to conduct your financial transactions as usual. Beginning June 1, you will automatically become a valuable member-owner of Nuvision Credit Union. At that time, you will be able to take advantage of all the new branches, products, and services of our combined credit union.
What do Cooperative Center members need to do now?
For the time being, it's business as usual and you don't need to take any action. We will let you know about any changes or actions you need to take well in advance as we go through the process of integrating our credit union systems.
How will my account(s) be impacted? What will change for me?
There will be no changes to your accounts until we combine our credit union systems, which is currently planned for June 1. We will work hard to make the integration as easy as possible so you can conduct business as you always have. Please look for important information in the coming months about how your accounts will be impacted, what you need to do and how you can take advantage of all the new products and services available to you.
Will branch hours change now?
Branch hours at our Berkeley and Martinez branches will remain as they are today.
Will the credit union telephone numbers change after the vote?
You should continue to use our current phone numbers for the time being.
Will my accounts continue to be insured?
Your accounts will remain insured by the National Credit Union Share Insurance Fund (NCUSIF), which is backed by the full faith and credit of the United States Government, as they are today.
Do I need to change where I send deposits and loan payments?
Not right now. Please continue mailing your deposits and loan payments to the same location. We will notify you of any address changes well in advance.
What will this merger mean to me?
This merger is designed to bring you greater value from your credit union membership in every area. Beginning June 1, here are just some of the new benefits you'll receive from our combined credit union:
- 26 new branches
- Member Call Center: Monday through Saturday
- Higher limits on ATM withdrawal amounts, debit card transactions & remote deposits
- More Checking, Savings, Loan & Visa card options, with Cash Back & Rewards
- Access to direct deposit funds up to 2 days early
- New technologies, including Zelle, Live Chat, on line account opening, text banking & more
- Full-Service Business Banking & Small Business Lending programs
- Investment Services
How to Vote Announcement
It’s time for members to vote on our proposed merger partnership! 
A YES vote for our partnership with Nuvision Credit Union will bring members many new benefits – along with our same personal service & community partnerships.
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Learn more about our merger partnership here
How Can You Vote?
Primary accountholders who are at least 18 years of age as of March 14, 2024, are eligible to vote. All voting members have been sent voting materials by email or U.S. postal mail from an independent, third-party firm that is conducting the vote. Completed ballots must be received by 5:00pm on March 14, 2024, to be counted.
To vote, members can either:
Vote Online: Click the Vote Now button below to vote online before 5:00pm on March 14, 2024.
Vote by Mail: If you received your ballot by mail, members can vote online OR complete and return their ballot in the postage-paid return envelope provided in the voting packet so it is received by the independent ballot firm no later than by 5:00pm on March 14, 2024.
Vote in Person: Members can attend and vote during a Special Member Meeting at 5:00pm on March 14, 2024, at our Martinez office, 634 Ferry Street, Martinez, California 94553. This meeting is the last opportunity to cast your vote if not done previously.
All qualified ballots will be tallied and the final results presented at the Special Member Meeting. Following the meeting, the results of the vote will be sent to you as well as published on our website and in our branches.
Questions?
View our Vote Yes FAQs below. If you aren’t able to find the answer you are looking for, please don’t hesitate to contact us at (510) 845-6428, ext. 1518, or [email protected].
Announcement
Stronger Together: A Partnership Opportunity Designed To Benefit You
We are excited to share important news about our plans to bring you more value, products and services from your credit union and ask for your support. The Board of Directors has unanimously agreed to pursue a cooperative partnership with Nuvision Credit Union, combining our strengths to bring the best of both financial institutions to our collective members and communities.
For more than 80 years, Cooperative Center FCU has been here for the sole benefit of serving our member-owners and our community. We are taking this next step of partnering with another credit union that shares our values, commitment to personal member relationships, and community investment philosophy with one very clear and simple goal: To better serve you and our communities.
About Nuvision 
Founded in 1935, Nuvision is a California credit union with multiple branches, industry-leading technology, and a comprehensive suite of financial products and services. Nuvision is also certified as a Community Development Financial Institution (CDFI) with a long legacy of investing in its communities as part of its cooperative mission. This merger is a unique opportunity to partner with one of the strongest credit unions in California, ensuring safety and security for your accounts with the same personalized service.
Significant Member Benefits
Together, we will remain focused on continuing our heritage, member relationships, and community programs while bringing you much more from your credit union.
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Member accounts will continue to be federally insured through the National Credit Union Share Insurance Fund, a U.S. Government Agency, to at least $250,000 – just as they are today. |
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What’s Next?
Members will soon be asked to vote on the partnership. It will be business as usual for the time being without any changes while we go through the approval process. We hope you will support this opportunity with your YES! vote and will keep you updated about our progress and what it means to you in the coming months.
Questions?
Please don’t hesitate to contact us at (510) 845-6428, ext. 1518, or [email protected] with any questions. As always, we appreciate your membership and continued support!
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Learn More About our Partnership and What it Means to You! |
FAQs
Merger Vote FAQs
How will the merger be decided?
The Boards of Directors of both credit unions and our federal regulator have approved the merger. The final decision is now up to our members, which is determined by a membership vote. We hope you give your approval for this exciting partnership.
What is the voting process? How do I vote?
All voting members have been sent voting materials by email or U.S. postal mail from an independent ballot firm that is conducting the vote. Completed ballots must be received by 5:00pm on March 14, 2024, to be counted. To vote, members can do any of the following:
- Vote Online: Click here to cast your vote online before 5:00pm on March 14, 2024, or
- Vote by Mail: Complete and return your ballot in the postage-paid envelope included in your voting packet so it is received no later than 5:00pm on March 14, 2024, or
- Vote in Person: Attend and vote during a Special Member Meeting, which will be held at 5:00pm on March 14, 2024, 634 Ferry Street, Martinez, California 94553.
Who is eligible to vote?
Primary accountholders who are at least 18 years of age as of March 14, 2024, are eligible to vote and have been sent voting materials by email or U.S. postal mail.
I didn’t receive a ballot. What do I do?
If you are a primary Cooperative Center FCU accountholder who is at least 18 years of age as of March 14, 2024, and didn’t receive a ballot, you can vote online here . If you would prefer to vote by mail, please visit a branch for a new ballot.
Where/when will the Special Meeting be held?
The Special Member Meeting will be held at 5:00pm on March 14, 2024, at 634 Ferry Street, Martinez, California 94553. The Special Member Meeting is the last opportunity for you to ask questions about the proposed merger and cast your vote.
Do I need to attend the Special Meeting to vote?
You do not need to attend the Special Meeting to vote. You can vote online or complete/mail your ballot in the self-addressed envelope provided in your voting packet so it is received by 5:00pm on March 14, 2024, and your vote will be counted.
Can I bring my ballot into a branch?
To preserve the integrity of the vote, branches cannot accept ballots or mail ballots for members. You can vote online or return your ballot in the pre-addressed postage-paid envelope that was included in your voting packet. Please visit a branch if you need a new return envelope.
If I have multiple accounts, do I vote more than once?
Members who have more than one account number using the same social security number or tax identification number will receive only one ballot and vote once.
How will I know if the merger was approved?
All qualified ballots will be tallied and the final results presented at the Special Member Meeting. Following the meeting, the results of the vote will be sent to you as well as published on our website and in our branches.
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