Dear NWS FCU Members,
As most of you know, the membership of NWS Federal Credit Union overwhelmingly voted to merge with 1st Advantage Federal Credit Union! February 1, 2014 is the target completion date for the account conversion. At that time, all NWS accounts will automatically become 1st Advantage accounts. Prior to February 1, 2014, it will be business as usual. Please continue to conduct business as you currently do, as there will be no changes to your current accounts prior to February 1, 2014.
After February 1, 2014, you will enjoy many new benefits. You will receive access to a wide array of loan, mortgage, deposit, and investment products. This partnership with 1st Advantage will provide greater branch convenience with the addition of 11 branches conveniently located in Richmond, Gloucester, Yorktown, Williamsburg, James City County, Newport News, and Hampton. In addition, you will have access to over 65,000 free ATMS* and 5,000 Shared Branches (Credit Union Service Centers) nationwide, with no cost to you. However, you do not have to wait until February 1, 2014 to take advantage of 1st Advantage’s competitive, low loan rates. Effective immediately, you will get the benefit of these loan rates on all NWS loan products.
You may have some questions about the merger process and are excited to take advantage of 1A's competitive products and services. Below are a few answers to general questions.
Q: What happens if a NWS member wants to take advantage of a 1A product prior to the merger?
A: If a NWS member wants to take advantage of a 1A product prior to the completed merger, they will have to become a 1A member. After conversion of systems later this year, NWS members will be 1A members. More details to follow in future communications.
Q: When can NWS members start taking advantage of 1A branches, products, and services?
A: Additional information will come once the specifics of the merger process has been finalized.
Q: What changes will NWS members experience after the merger is completed?
A. Members will enjoy more products, services, and increased convenience.
Rest assured we are working to make the merger process as smooth and seamless as possible. Please be on the lookout for more communication in the near future. You will be receiving additional information concerning your current accounts, account conversion and 1st Advantage products and services. In the meantime, if you have any questions or would like to learn more about 1st Advantage, please contact us at 757-886-3333, or visit us online at www.1stAdvantage.org.
All of us at NWS and 1st Advantage thank you for your continued membership. We hope that you share in our enthusiasm as NWS joins the 1st Advantage family.
*Applicable for VISA Debit Card holders at CO-OP, Allpoint, and 1st Advantage ATMS.