Comment from Paul, Marek
Paul MarekOpposeIndividual
Summary: The commenter opposes the merger because they are concerned about the administrative burden of changing routing and account numbers for direct deposits and automatic withdrawals. They also express concern about the loss of financial benefits to an Oklahoma institution in favor of a Texas-based one.
Since I have moved to another state away from OK, I have enjoyed the Co-op program, of which True Sky is part. I am glad to see that Randolph-Brooks is also part of that if this merger goes through, so I don't think I'll have to worry about that.
However, I am still wary of this merger. If Randolph-Brooks is to be the "continuing credit union," I'm assuming that the routing number will change to theirs and account numbers will be re-numbered. That means a LOT of hassle for the True Sky members. I'm assuming we will have to change all the routing numbers and account numbers on all of our financial information that goes through the internet, including changing the direct deposit information for my OK teacher retirement (which won't be easy since I live out of state now), plus the many automatic withdrawals I have for various bills and companies I do business with online. That will take a LOT of time and effort to make all those changes to a new routing number and account number!!! I don't need more hassle in my life.
Finally, I'm not keen on taking money and financial business from an Oklahoma financial institution and handing it all over to a Texas financial institution. All the financial benefits that went to an OK financial institution will go to an out-of-state Texas financial institution. Doesn't Oklahoma have enough financial drought?