In an effort to improve our level of member service, we have long-anticipated the day when we would be able to consolidate all member accounts, including retirement savings, onto one convenient statement form. Members have also been inquiring whether we could reduce the number of different statements that they receive from us.
We are pleased to announce that the consolidation of accounts has been completed!
In addition to improving member convenience, there will be a cost savings from not having to separately produce over 2,000 quarterly IRA statements—eliminating postage expense, duplicated newsletters and statement stuffers, as well as the cost to process and mail all the envelopes.
Please note: The last “separate” IRA statement, dated June 30, 2009, reflected the conclusion of all internal transfer of funds needed to complete the account consolidation process.
We feel confident that members will benefit from the convenience of receiving one account statement rather than receiving multiple statements in the mail.
