What does “effective legal merger date” mean?

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What does “effective legal merger date” mean?

This means Credit Union Advantage and Zeal Credit Union are officially one entity; however, Credit Union Advantage will be branded as “A Division of Zeal Credit Union” until the systems’ conversion is complete. Thereafter, the new combined credit union will take on Zeal Credit Union’s brand and Zeal Credit Union’s name.

On January 1, 2025, all assets, liabilities and capital will be combined as of this date. We will continue to operate many of our systems separately, including our core technology platform and online/mobile banking through the Spring of 2025. This means there will be very few changes to the way members conduct their financial business and access their accounts in the short term.

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