True Sky Credit Union is wholeheartedly committed to the members and the communities we serve, and we’re excited to announce our plans to evolve from a state-chartered to a federally-chartered credit union. By becoming federally chartered, we will gain more reach to provide competitive value and exceptional service to even more members and communities.
The process to convert to a federal charter includes three steps, approval from our Board of Directors, approval from our regulators, and approval by True Sky’s membership. On September 3, 2021, we received board approval. Next, we call on you, our members, to vote. Once this is completed, vote results will be submitted for final regulatory approval.
True Sky is calling a special meeting of the members to vote on the charter change. Members will be able to vote at the special meeting or by mail-in ballot in advance of the special meeting. The special meeting will occur on October 4, 2021, and the notice of meeting and the ballot will be mailed September 22, 2021.
The Board of Directors and management team recommends very strongly that members authorize True Sky’s conversion to a federal charter. As a federally-chartered credit union, we will have the opportunity to strategically grow within the state of Oklahoma and be better positioned to serve our members moving forward.
Below are some Frequently Asked Questions regarding True Sky’s conversion to a federal charter and more information about the logistics of how to vote.