Colorado Springs, Colo. (Oct. 13, 2015) – Ent Federal Credit Union members are being asked to vote by October 29, 2015 on whether to change from a federal to a state of Colorado credit union charter. Ent’s Board of Directors and management team are recommending the charter change to the membership as part of a long-term strategy to allow the organization to better serve current members, while providing opportunities for growth.
“A state of Colorado charter will provide Ent with more opportunities to expand our geographic field of membership, allowing us to serve more people, businesses and communities in Colorado while providing increased service convenience for current members and increased opportunity for employees,” said Randy Bernstein, Ent’s President and CEO. “This proposed change is part of our long-term strategy to ensure the continued financial strength of the organization. In addition to the member and employee benefits, by diversifying our membership’s geographic and economic concentration, the credit union reduces the risk to the organization during adverse economic conditions.”
A change of credit union charter requires a majority vote, and mail-in ballots will be sent to all eligible members within the week. Replacement ballots will also be available at Ent Service Centers.
As part of the voting process, a special member meeting will be held where members can ask questions on the proposed charter change and/or cast their ballots in person. The meeting will be held at 5:30 p.m., Thursday, October 29, 2015 in the Breckenridge room at Ent’s operations center at 7350 Campus Drive, Colorado Springs, Colorado.
Additional information on this proposal will be mailed to members with their ballots and can also be found online at Ent.com/StateCharter.
Ent Federal Credit Union, established in 1957, is the leading financial institution in Southern Colorado with more than $4.0 billion in assets and more than 250,000 members. The credit union provides a full range of financial solutions through 27 service centers throughout Colorado Springs, Woodland Park, Pueblo and Denver. They offer members online, mobile and telephone banking services, a Colorado call center and both a consumer and mortgage loan center. Ent is a not-for-profit, community-chartered credit union with membership open to businesses and individuals living or working in Denver, El Paso, Pueblo and Teller counties, as well as select communities in Weld, Adams and Arapahoe counties. Ent is federally insured by the NCUA. Ent.com