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July 1, 2009
Dear Member:
We are pleased to make the important announcement that the Government of Guam Employees Federal Credit Union will soon be adopting a new name. This decision emerged from many months of strategic research and evaluation under the leadership of our Board of Directors and executive staff. As the island continues to grow, we found this to be a necessary step benefitting our entire membership and ensuring a strong foundation for our future.
With the approval of an island-wide community charter last year, our membership has transitioned from primarily Government Employees, Retirees and their families to one that now serves the greater community. Additionally, many potential members mistakenly believe they cannot join our credit union because they are not employed by, or associated in some way with the Government of Guam. These were among the critical factors leading to the decision for name change.
While our name is changing to more accurately reflect who we serve, our commitment to you will not change. We had no change in leadership or ownership. YOU own the credit union and you will continue to enjoy the same service and see the same friendly faces at our member centers that you always had for over 45 years. The board of directors, the executive team and I all look forward to continuing to serve you in the weeks, months and years to come. As always, we appreciate your support, your membership and your trust.
Within the next few of months you will be notified of our new name. Please watch for the notice; it will also be including some exciting promotions and name change specials for our members and those who are becoming new members.
We encourage you to read the enclosed Questions and Answers sheet for more details. If you have other questions, please check out our website (www.ggefcu.com) for updates, or call us at 671-479-8233/479-8213/479-8262 and ask for myself or any of our management team.
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Best regards,
John Z. Arroyo
President/ CEO
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Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government agency. The insurance limit was permanently increased to $250,000 per individual depositor on September 17, 2010.