At a Special Meeting of the Members on July 16, 2014, the members approved the proposed merger between the two credit unions with an 81% vote in favor of the merger.
Who is the surviving credit union?
Taylor Model Basin FCU will be merged into Constellation FCU, with Constellation FCU being the surviving credit union. Therefore, Constellation FCU will be your new credit union.
When is the merger effective?
When going through a merger, there are two different dates that guide the transition of two credit unions into one; the Legal Merger Date and the Operational Merger Date.
What is the difference between a Legal Merger Date (LMD) and an Operational Merger Date (OMD)?
The LMD will be effective August 1, 2014; this is when the employees and the financials of both credit unions are combined. You will notice little to no change as of August 1, 2014. However, this is not the date in which all the operational processes change.
The OMD is the date all of the processes will be brought into one instead of running on two different systems and we are considered fully merged. At this time, this date has not been determined. We are working with both data processing vendors at this time to determine the target date; although we anticipate by December 31, 2014.
We will update our communications as each process transitions to inform members how the change will impact you and guide you as to what to expect.
See the Constellation FCU website to explore the options.
See our Frequently Asked Questions Page
Closed July 4 – Have a safe holiday
GIFT CARDS FOR SPECIAL OCCASIONS
New gift cards have been added to our inventory for special occasions. VISA Prepaid Gift cards available for a minimum of $10 with a maximum of $1,000. Cards are $4.95 each.
PAPERLESS CREDIT CARD STATEMENTS NOW AVAILABLE
View your credit card statements online and download or print at your convenience. Enjoy up to 3 to 5 times faster delivery, reduce mail fraud and identity theft. To register, go to www.ezcardinfo.com and log in, and select the Statement option.
Online Banking - It's Easy!
Let all of your banking needs be in one place. You can access your account information, pay bills, transfer funds, and apply for loans and credit cards and a lot more. It's fast, easy, convenient and free! Learn what Online Banking can do for you by watching this DEMO. Register today and start enjoying the many opportunities available to you.
ON THE SPOT CAR LOANS AT PARTICIPATING DEALERS
Taylor Model Basin Federal Credit Union has formed a partnership with the Credit Union Auto Loan Network (CUALN) so our members can have the advantages of our new and user vehicle financing without ever leaving the dealership. Dealers who participate in CUALN can process your loan with us from start to finish, and you will usually receive an answer to your request within minutes.
Check out www.cualn.com for dealers that can give you direct credit union financing, or the credit union office at 301-227-4840. Many of the dealers offer special pricing for credit union members. Car Loans as low as 1.99% – Or apply the traditional way by getting preapproved now through our online application.