Dear Member:

As consolidation occurs, demographics change, and technology and security complexities continue to reshape the financial landscape, financial institutions need to adapt to new modern solutions. With this mandate, Woodmen Federal Credit Union recently contracted with VisiFI, a Deda Company, to provide our data processing services.

Deda’s global presence and deep banking expertise help financial institutions prioritize innovation and digital transformation. Marked by practicality, expertise, and a digital-first approach across industries and continents, Deda’s knowledge and vision allow practical solutions that work on a global scale, but can be tailored locally to meet the needs of your Credit Union.

The Credit Union Board of Directors and Management made this decision to introduce a more efficient and cost-effective system. We are excited VisiFI will have capabilities to provide services and products to our members that previously were not a feasible option due to cost or system limitations.

As a result of this conversion, you are receiving a statement with a closing date of January 31, 2025, with all dividends paid through this date from our previous data processing system. Share certificates will not be affected.

We sincerely hope this conversion is as seamless as possible, however you may notice some changes. Your dashboard data may have changed, such as suffix numbers to your account types and you may be prompted to reenter remote banking authentication information. Your online and mobile banking sign-on user identification and password will not change.

As you become familiar with these changes, please do not hesitate to contact the Credit Union with any questions or concerns you may have.

Sincerely,

Clayton M. Steinberg
President