November 13, 2023
Dear Members of Enterprise Credit Union,
I previously reached out to the membership of Enterprise Credit Union to inform you of action taken by my office placing your credit union into Conservatorship. Since that time, we (KDCU) have been working with kstate CREDIT UNION to provide onsite management of the credit union. As you may be aware, KSUFCU has continued to work with you and Tricia Grant to ensure there has been no interruption of your services.
As the conservatorship process has concluded, it becomes important to look to the future of ECU and continuing service to you, its members. After reviewing several options, the decision was made to pursue a merger with kstate CREDIT UNION. As you will no doubt learn in the coming weeks, kstate CREDIT UNION offers many additional products and services that compliment those products you currently have with ECU.
This merger has already been approved by the National Credit Union Administration (NCUA) and is set to become effective as of December 31, 2023. Your deposits will continue to be insured by the NCUA for $250,000. This insurance is backed by the full faith and credit of the U.S. Government.
You should look forward to receiving information from kstate CREDIT UNION in the near future with information about them and their services. I know that they look forward to working with each of you.
Respectfully,
Julie Murray
Administrator
Kansas Department of Credit Unions