Coastland Federal Credit Union
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Merger Updates

The National Credit Union Administration (NCUA), has given their approval to move forward and finalize the merger between Coastland FCU and Jefferson Financial FCU.

  • Under the merger agreement, Jefferson Financial FCU will be the continuing credit union

MERGER TIMELINE:

The Directors, Staff and Membership of Jefferson Financial FCU are excited to welcome you to the Jefferson Family!

Please plan your financial transactions around the schedule noted below to ensure you have access to any funds you need from June 29th - July 1st.

FRIDAY, JUNE 29, 2018

  • Credit Union Branches will be open and will close at their regularly scheduled times
  • Any Deposits/Payments made after 4:00 PM will not be available on Debit/Credit Cards until Sunday, July 1st

SATURDAY, JUNE 30, 2018 - SUNDAY, JULY 1, 2018

  • Coastland and Jefferson Financial data merger will take place
  • Online Banking, Mobile Banking and Telephone Banking will be unavailable
  • Debit/Credit Card transactions may be limited

MONDAY, JULY 2, 2018

  • Credit Union Branches will re-open at their regularly scheduled times
  • You will have access to the Jefferson Financial Branch Network, Online Services and Telephone Banking (A new PIN must be created upon 1st call to the Audio Teller)
  • Activate and begin using your Jefferson Financial FCU Debit Card
  • During this week, you will receive your last Coastland FCU statement

Joint Owners - "Joint on One, Joint on All"

Please Note:  It is JFFCU's policy that a Joint Owner on any account will be listed as Joint Owner on all Shares under the member number.  For example, a Joint Owner on a Savings Share will be considered a Joint Owner on the Checking Share under the same member number.  This change will become effective July 1, 2018.

Contact us if you need to remove or add a Joint Owner to your account.  Continuing to maintain an account constitutes your acceptance to this change.

Christmas/Vacation Club Accounts

Effective July 1, 2018, the following improvements will be applied to your Christmas/Vacation Club Account:

  • We will no longer charge an early withdrawal penalty on Club Accounts
  • We will no longer automatically transfer the funds out of Club Accounts on a set date

What does this mean for you?  You will no longer have to pay a fee to make a withdrawal, qualifying accounts will continue to earn dividends and you will get to decide when you withdraw money from your Club Account.

Keep checking back for additional updates!


Jefferson Financial FCU is looking forward to serving you!  Please take a moment to explore the membership benefits Jefferson Financial has to offer by visiting www.jeffersonfinancial.org

Thank you again for allowing us to serve YOU!  Please contact us if you have any questions - 504.834.2780 or memberservices@coastlandfcu.com

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