State Charter Conversion Approved
I have some fantastic news to share! TopLine’smembership overwhelmingly approved converting our credit union from a federally chartered credit union regulated by the National Credit Union Administration (NCUA), to a state-chartered credit union regulated by the State of Minnesota, Department of Commerce.
What’s important to know is that this is not a merger, nor is it a conversion to a bank, but simply a conversion from a Federal credit union charter to a State of Minnesota credit union charter.
The way we operate as a credit union today won’t change. It will be business as usual for members.
- You won’t notice any changes to our products and services, branch and ATM locations, hours of operations or in any way how you currently conduct or transact your business with us.
- Our TopLine teams will remain the same so you can expect to see and continue to work with the same employees that you have come to know.
- You can continue to use our Shared Branching services as you always have, allowing you to use other credit unions locally or out-of-state for your banking needs.
-
All your deposit accounts will continue to be federally insured as they are today by the National Credit Union Administration (NCUA).
- For more details,
Tom Smith, TopLine President and CEO
