How will I be kept informed?
We’re committed to keeping you informed along the way. As the process continues, First U.S. will share important notices, dates, and events. If you do have any questions, please email management@firstus.org.
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Do members have a say in the merger?
The proposed merger requires the approval of a majority of the members of First U.S. Community Credit Union who vote on the proposal.
What is the timeline?
We’re still in the early stages. To complete the merger process, we must receive approval from three sources: our Boards of Directors, our regulators, and First U.S. members. Here’s an anticipated tentative timeline: • 3rd Quarter 2026: The boards of both credit unions have approved a merger agreement. • 4th Quarter 2026: We will submit a merger application to the … Continue reading
What will the name of the combined credit union be?
The combined credit union will retain the name Sierra Central Credit Union. After the legal merger, First U.S. branches will be labeled as “First U.S. Community Credit Union, a division of Sierra Central” (or a similar designation) until the system conversion is completed.
Who will lead the newly combined credit union?
Shonna Shearson, First U.S. current CEO, will lead the combined organization. Ron Sweeney, Sierra Central’s CEO, will retire once the merger is approved and the credit unions become one.
What does this mean for team members?
This merger brings exciting opportunities for our teams. Both credit unions are committed to maintaining a supportive, rewarding workplace. Team Members will benefit from enhanced resources, career growth, and expanded support.
What if I already have an account at both credit unions?
We’re happy to have you as a member of both credit unions! For now, it’s business as usual – you can continue using your accounts as normal.
Will my accounts continue to be federally insured?
Yes! Your deposits will still be federally insured by the National Credit Union Share Insurance Fund (NCUSIF). You can find more info and use the NCUA insurance calculator at www.mycreditunion.gov/estimator.
Will my rates change?
Your rates on fixed-rate loans and certificates will stay the same until the end of their current terms. Other products will adjust as usual, based on market conditions.
What changes will members experience?
For now, it’s business as usual! You’ll still use the same account number; access your accounts with the same usernames and passwords; use your debit and credit cards and checks; and enjoy the same great service you’ve always received. As the merger moves forward, expect some enhancements over time. We’ll keep you updated every step of the way, with plenty … Continue reading
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