On September 26, a business meeting was held at MWD where potential merger ballots were tabulated. We are pleased to announce the overwhelming approval for our merger with Certified Federal, a division of Vons Credit Union. In attendance was the MWDFCU Board of Directors, the Vons Credit Union executive team, the independent auditing firm of Richards & Associates and many MWD FCU members. “Thank you for attending; we are honored to now have the opportunity to serve the MWD employees and their families” said Steve Weakley, President & CEO, Vons Credit Union.
The merger is effective October 1, 2018. Our credit union will operate in a similar manner with an important improvement: CD dividend rates have increased substantially; if you are in the market, stop by or call us. The new credit union, Certified Federal, offers many additional products and services as well as a robust, highly-featured Mobile Banking App. For those who would like these benefits now, we have established a simple self-conversion process. Either stop by the branch or call us at 213-217-6612 to learn more.
All other member accounts will convert in early 2019 (targeted for February 1).
Click to view the following important documents:
- MWD FCU Board Chair Statement
- MWD FCU Vice Chair Statement
- Notice of Special Meeting of the Members on Proposal to Merge
- Combined Financial Statements of MWD FCU and Vons Credit Union
Below you'll find a list of questions and answers pertaining to the proposed merger.
Post-Merger Frequently Asked Questions (FAQ)
Is the membership fee still $25.00?
No. The fee is $5.00, but Certified Federal pays the fee, so membership is free!