FROM FEDERAL TO STATE CHARTER
On Tuesday, October 25, 2016, Amplify members voted to approve the change of Amplify’s charter from federal to state. This charter change will be effective on January 1, 2017.
The most significant impact of this change lies in Amplify’s future ability to expand, grow, and provide additional services to our members.
There will be a change in the par value - the minimum amount required to be an Amplify Credit Union member. The par value will drop from $25.00 to $5.00.
To learn more about this change please review the Frequently Asked Questions on this page.
Following this charter change, Amplify Credit Union will continue to be federally insured by the NCUA, and there will be no impact to member accounts, ownership, or future voting rights.