Merger Proposal: Ukrainian Selfreliance NEFCU with Selfreliance FCU
Selfreliance Federal Credit Union and Ukrainian Selfreliance New England Federal Credit Union (USNEFCU) have received approval for the proposed merger from their respective Board of Directors and the federal regulators. The next step is holding a USNEFCU member vote.
                                                      MEMBER VOTE
The member vote is happening now. All USNEFCU members, who are at least 18 years of age as of May 15, 2024, were mailed a packet with a letter inviting them to attend a Special Meeting to vote on the merger and a ballot. Members are encouraged to vote, regardless of if they can attend the meeting or not. If you cannot attend the meeting, please complete the Ballot, and return it to Ukrainian Selfreliance New England Federal Credit Union, Attn: Supervisory Committee, 21 Silas Deane Highway, Wethersfield, CT 06109. To be counted, your Ballot must be received by Sunday, June 30, 2024, at 12:00 pm EST.

Special Meeting
Date: June 30, 2024
Time: 1:00 pm EST
Location: Saint Michael the Archangel Ukrainian Catholic Church Hall
Address: 135 Wethersfield Ave, Hartford, CT 06114

IMPORTANT: Upon receiving all approvals, USNEFCU's employees, branches, and members will become part of the Selfreliance Federal Credit Union.
                         What does this mean for USNEFCU members?
The proposed merger with Selfreliance Federal Credit Union aligns with our core values and promises an upgrade in service quality. Through this partnership, members can expect expanded access to new ATMs, products, and technologies, facilitated by a larger, stronger combined credit union. With a shared focus on member needs, this merger offers:

  1. Expanded Products and Services:

Access to deposit and loan products often offered at more competitive level rates, a larger variety of services that smaller credit unions do not offer, business banking, investment property loans, and more.

      2. Improved Convenience and Account Access:

Over 85,000 surcharge-free ATMs and extended call center hours for enhanced accessibility.
Member Call Center:
10:00 am – 7:00 pm EST Monday, Wednesday, Thursday
10:00 am – 8:00 pm EST Tuesday and Friday
10:00 am – 2:00 pm EST Saturday
In addition, Selfreliance FCU offers in-branch instant-issue debit card eliminating the need to wait for the card to arrive in the mail and allowing members to start using their debit cards immediately. 
        3. New Member Service Technologies:
Access to modern online and mobile banking technologies:
- Zelle person-to-person transfers
- Credit Journey and FICO Credit Score tracking
- High-limit mobile check deposits
- Online account and loan applications
- Online domestic and international wire initiations
- Latest technology for credit and debit cardholders: Apple Pay, Samsung Pay, Google Pay, and touchless "tap-to-pay."
Discover additional self-service options by exploring the Selfreliance FCU website at
       4. Community Support:
• Establishment of a "New England Community Support and Local Marketing Fund" to bolster community initiatives and marketing efforts, managed collaboratively by a dedicated advisory committee. An annual budget of $75,000 shall be allocated to the New England Fund.
• Since 1951, Selfreliance Federal Credit Union has been a strong supporter of the Ukrainian community in the US. In 2005, the institution established the Selfreliance Foundation to focus on community initiatives. In 2023, during the full-scale invasion of Ukraine, Selfreliance FCU promptly responded to the urgent needs of Ukrainian immigrants, allocating $888,700 to support churches, organizations, and schools. Overall, the Selfreliance Foundation has donated $7,580,000 to aid the Ukrainian community. Additional information about the Selfreliance Foundation.

                                             Frequently Asked Questions
We recognize that our members may have numerous questions regarding the merger. While we're currently in the process of finalizing details, we aim to provide clarity every step of the way. As we gather more information, we'll promptly update this information to ensure you have access to the latest developments. In the meantime, we've compiled answers to some fundamental questions to offer insight into the benefits USNEFCU members can expect from the proposed merger.
Introduction to the Merger

  •  Why are Ukrainian Selfreliance New England Federal Credit Union and Selfreliance Federal Credit Union pursuing a merger?

The merger is being proposed because Ukrainian Selfreliance New England Federal Credit Union faces challenges due to its small size and limited resources. The merger with Selfreliance Federal Credit Union is believed to be in the best interest of members. Thanks to Selfreliance FCU’s economies of scale, exceptional member experience, and commitment to the investment in technology, our members will have access to an expanded range of services offered by Selfreliance FCU, enriching their overall banking experience. Selfreliance FCU brings a proven track record of successfully merging with other Ukrainian American credit unions, instilling confidence and trust in the process.

  •  Who is the Selfreliance Federal Credit Union?

Selfreliance Federal Credit Union, based in Chicago, was chartered in 1951 to provide beneficial financial services to its members and assist the communities it serves. Over the years, the credit union has grown and prospered. It has expanded the services it provides, the number of branches it operates, and the hours it is accessible. Selfreliance has assisted in the construction of churches, community centers, and museums. It has helped youth organizations and schools.
Selfreliance FCU has successfully expanded its operations from the original regional footprint by integrating two credit unions in New Jersey and one in Michigan. It has increased its commitment to the community by assisting in the creation of the Selfreliance Foundation, a tax-exempt organization that currently distributes over $800,000 annually to charitable community organizations.
In 2023, its Assets surpassed $1 billion, and it serves 40,000 members across 11 branches in Illinois, Michigan, and New Jersey.
Please visit the "About" section at
Access and review Selfreliance’s Annual Reports.
Visit our social media sites: Facebook, Instagram and LinkedIn.

  •  Who has already approved the merger?

The Boards of Directors of both organizations have unanimously approved the merger. The federal regulators have approved the merger. The next and final step is to receive approval from USNEFCU members.

  • What will my credit union be called?

When the merger is approved the new name will be Selfreliance Federal Credit Union.

  •  When will the member vote results be available?

We will announce the results of the vote on this web page shortly after June 30, 2024.

  •  Will I be a member of Selfreliance FCU as soon as the merger is approved?

Yes! You will automatically become a member of Selfreliance FCU.

  •  What do USNEFCU members need to do during this transition?

We will keep you updated on all important information and changes via multiple communication channels. We request that you review all correspondence carefully, including mailings, emails, and announcements on the website.
Member Impacts

  •  Will my deposits and accounts continue to be insured?

Yes! Selfreliance Federal Credit Union and Ukrainian Selfreliance New England Federal Credit Union are both federally insured by the National Credit Union Administration. After the partnership is complete, each Member will be federally insured to at least $250,000, which is backed by the full faith and credit of the federal government through the NCUA.

  •  Will there be any changes to branch locations and services?

Yes! You will have access to more branches! All three existing locations of Ukrainian Selfreliance New England Federal Credit Union will become part of Selfreliance FCU’s nationwide branch locations. Visit to see all existing Selfreliance branches.

  •  Will the branches be open on Saturday?

Yes! No immediate changes to the current scheduled hours. We plan to evaluate the expansion of hours after the operation merger. 

  •  Will the phone number be the same?

Branch phone numbers will remain unchanged.

  •  When can I start utilizing Selfreliance FCU services and branches?

Once the operational merger is completed, members will have full access to all products and services rendered by Selfreliance Federal Credit Union. Stay tuned for updates.

  •  When do you plan the operational merger?

We expect the operational merger to take place in Q1-2025. Stay tuned for updates.

  •  Will our rates change or stay the same?

Selfreliance prides itself on offering very competitive deposit and loan rates. Soon after the merger approval, rates on Savings, Checking, and Money Market accounts will be increased to match rates currently offered by Selfreliance FCU. Your existing certificate and loan rates will remain unchanged. New certificates and loans are subject to rates available at the time of application.

  •  How will my credit and debit card be affected?

There will be no impact on the credit and debit cards until the operational merger is completed. Stay tuned for updates.

  •  Will my account numbers, direct deposit, and checks stay the same?

There will be no impact on the account number, direct deposit and check until the operational merger is completed. Stay tuned for updates.

  •  Will my online/mobile banking login be the same or change? What will happen with my existing automatic bill payments?

There will be no impact on online banking and bill pay systems until the operational merger is completed. Stay tuned for updates.

  •   Will the fees be the same? 

Selfreliance prides itself on providing services to members at low cost. The following services are free of charge: No monthly service fees on accounts, no overdraft fees, no overdraft protection transfer fees, no non-sufficient funds returned item fee, no online stop payment fee, no incoming wire fee, no fee for the first three official bank checks and money orders per month. Banking shouldn’t cost you money!

  •  Can I still access ATMs without additional fees?

After the operational merger occurs, you will have access to 85,000 surcharge-free ATMs nationwide that belong to the following networks: AllPoint, CO-OP, and Money Pass. Please visit to locate the nearest ATM. 

  •  Who should I contact if I have additional questions or concerns?

George Stachiw: 860-296-4714.
We'll carefully review all our products to assess any potential changes. If there are any changes, we'll make sure to notify you well in advance, so you'll have time to adjust if needed.   There might be some slight adjustments to certain fees. However, rest assured that if any fees do change, we'll provide full disclosure well before they come into effect, as we always do.